Interest rates LIVE: BOE warns of surging inflation as mortgage repayments set to soar | City & Business | Finance

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The dollar crept higher today, lifted by a rise in U.S. inflation-adjusted bond yields to one-week highs and predictions of strong employment data.

At 8:30am GMT, against the euro, it stood at $1.1812, with the latter also pressured by weaker-than-expected German industrial orders data.

The dollar also hit a one-week high of 109.88 Japanese yen.

If a strong set of employment data was delivered, it could make a convincing case for faster U.S. policy tightening.

Forecasts for jobs created last month vary dramatically from 350,000 to 1.6million, and the consensus figure is around 870,000.

A number that size or larger could raise the dollar further, especially against the euro and the yen, which will not see any policy tightening for years to come.





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