See more at http://www.ripplesadvisory.com/aboutus.php
Dollar on best winning streak in daily terms since 2012
Swedish crown falls after Riksbank statement
U.S. inflation is day's main event
LONDON - The dollar ground out an 11th straight daily rise on Wednesday, as investors' focus moved to inflation data in the United States for more support for the idea of a rise in Federal Reserve interest rates next month. Fed chief Janet Yellen testifies for the second day in Congress after spurring more gains for the greenback by telling lawmakers on Tuesday that the U.S. central bank would consider raising rates at one of its "upcoming" meetings.
For markets that pointed to a hike in either March or May. It also opens the door to the Fed raising the return for holding dollars more than twice before the end of the year, beyond what investors have currently priced into short-term interest rates. Consumer inflation is forecast to have risen to 2.4 percent in January and producer price numbers on Tuesday were generally higher than expected. The dollar's run of daily gains is now its longest since the peak of the euro zone's debt crisis in 2012.
No comments:
Post a Comment