© Archyde.com. US dollar and Japanese yen banknotes are shown in an illustrative photo taken on September 23, 2022. Photo: Florence Low/Archyde.com.
TOKYO (Archyde.com) – The dollar rose near a five-week high against other major currencies on Monday, as investors increased their bets that the Federal Reserve will continue to tighten monetary policy for a longer period while they await the U.S. consumer price report due on Monday. Tuesday.
The yen fell amid expectations that the Japanese government will appoint an official who supports current monetary policy as a new central bank governor on Tuesday.
The Australian and New Zealand dollars fell as Asian stocks fell on fears that higher US interest rates would slow growth. The pound also fell.
Shinichiro Kadota, senior analyst for currency trading strategies at Barclays (LON:) in Tokyo, said, “The dollar is receiving support since the release of US jobs data, which came stronger than expected earlier this month, and the statements of Fed officials tend to tighten policy, but the focus is of course on data CPI tomorrow.”
It rose – which measures the performance of the US currency against an obelisk of major currencies, including the yen and the pound – 0.068 percent to 103.65, to remain close to last Tuesday’s high level of 103.96, its highest level since January 6th.
The US currency rose 0.6 percent to 132.20 yen.
The euro lost 0.09 percent, recording $1.06685, after earlier touching the 1.0656 level for the first time since January 9th. The pound was last traded at $1.20475, down 0.1 percent on Monday.
The Australian dollar fell 0.09% to $0.6912, and the New Zealand dollar fell 0.11% to $0.6304.
(Prepared by Amira Zahran for the Arabic Bulletin – Edited by Marwa Gharib)