The Dollar Index (DXY00) has risen sharply by +1.29% to hit a 3.25-month high. The dollar is today extending Monday’s rally after oil prices soared to an 8.5-month high, boosting inflation expectations and reducing the possibility of additional rate cuts by the Federal Reserve, a supportive factor for the dollar. Market expectations for a Fed…
The Dollar Index (DXY00) rose to a one-week high on Friday and ended up +0.19%. The dollar rose on Friday amid weakness in the yen. Additionally, upbeat comments on Friday from New York Federal Reserve President John Williams supported the dollar as he said some of the data we’re seeing is “pretty encouraging” and that…
JERSEY CITY, New Jersey, Dec 15 (Reuters) – New York Federal Reserve President John Williams said on Monday that the U.S. central bank’s interest rate cut last week leaves it in a good position to deal with what lies ahead, adding that he sees inflation moderating amid a cooling labor market. “Monetary policy is well…
(Reuters) – New York Federal Reserve Chairman John Williams met with Wall Street banks this week to discuss a key short-term credit line, the Financial Times reported on Friday, amid signs of tighter liquidity in the market. “Chairman Williams convened the New York Fed’s major trading counterparties (primary dealers) to continue their commitment to the…
