settle down dollar Thursday, September 15th is near its recent peak after traders increased their bets that the US Federal Reserve would become more aggressive next week in its fight to curb inflation, while the yen faltered shortly after the previous session’s rally.
The dollar rose 0.14% against the yen to 143.37 in Asia, after falling 1% in the previous session on news that the Bank of Japan is examining exchange rates with banks. Surprisingly a month ago, New Zealand’s GDP rose 1.7% in the June quarter, beating expectations of 1.0%.
The Australian dollar rose 0.15% to $0.67575, while the New Zealand dollar rose
It gained 0.11% to $0.60085.
The Sterling Pound fell 0.1% to $1.1530, while the Euro fell 0.07% to $0.9971, both of which suffered losses after the inflation surprise pushed the dollar higher on Tuesday.
interest talk
The euro got some help from the European Central Bank after policy maker Francois Villeroy de Gallo said on Wednesday 14th September that the bank’s neutral interest rate, estimated at less than or close to 2% in nominal terms, could be reached by the end of the year.
However, the dollar remained in the driving seat ahead of a meeting of the US Federal Reserve next week.
US producer prices fell for the second month in a row in August as the cost of gasoline fell further.
The US Dollar Index, which measures the greenback against a basket of currencies, rose 0.12% to 109.73 not long from a two-decade peak of 110.79.