{"id":122118,"date":"2021-09-30T07:30:03","date_gmt":"2021-09-30T07:30:03","guid":{"rendered":"https:\/\/fin2me.com\/?p=122118"},"modified":"2021-09-30T07:30:03","modified_gmt":"2021-09-30T07:30:03","slug":"dollar-near-1-year-high-as-fed-tightening-in-focus-aussie-climbs","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/dollar-near-1-year-high-as-fed-tightening-in-focus-aussie-climbs\/","title":{"rendered":"Dollar near 1-year high as Fed tightening in focus, Aussie climbs"},"content":{"rendered":"

TOKYO (Reuters) – The greenback hovered near a one-year high versus major peers on Thursday as expectations mounted that the Federal Reserve will taper stimulus from November, while the commodity-linked Aussie dollar benefited from a bounce in iron ore prices.<\/p>

FILE PHOTO: U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS\/Jose Luis Gonzalez\/Illustration\/File Photo<\/figcaption>

The safe-haven dollar has made sharp gains over the last two sessions on concern the Fed could withdraw economic support as global growth slows and high inflation is high. Spiking bond yields added to the currency\u2019s firmness.<\/p>\n

Its rise is despite an impasse in Washington over the U.S. debt ceiling that threatens to plunge the government into a shutdown.<\/p>\n

The dollar index – which measures the currency against a basket of six rivals – stood at 94.327, little changed from Wednesday, when it hit 94.435 for the first time since late September last year.<\/p>\n

Yields on the benchmark 10-year Treasury note stood at 1.5341%, holding near a mid-June high reached Tuesday at 1.5670%.<\/p>\n

\u201cA combination of higher U.S. yields, impending Fed tapering and skittish markets around the debt ceiling have fuelled this move (in the dollar),\u201d Westpac analysts wrote in a client note.<\/p>\n

The issue of whether to raise or suspend the debt ceiling would probably extend to mid-October, beyond which, the dollar will likely be supported by money markets pricing in rate hikes, they added.<\/p>\n

The dollar bought 111.97 yen, little changed from Wednesday, when it reached 112.05 for the first time since February 2020. It was on track for its worst monthly performance since March.<\/p>\n

The euro was mostly flat at $1.15995, holding near Wednesday\u2019s 14-month low of $1.15895<\/p>\n

Speaking at a European Central Bank forum on Wednesday, Fed Chair Jerome Powell, ECB President Christine Lagarde and Bank of England Governor Andrew Bailey said they were monitoring inflation after a surge in energy prices and production bottlenecks.<\/p>\n

The risk-sensitive Australian dollar firmed 0.5% to $0.7206, after plummeting 0.9% overnight, as iron ore prices rallied ahead of the Golden Week holiday in Australia\u2019s top trading destination China.<\/p>\n

A rebound in monthly Chinese services data also \u201clooks to have gone some way to allaying fears that the evident slowdown in China growth of late is accelerating to the downside,\u201d buoying the Aussie, said Ray Attrill, NAB\u2019s head of FX strategy.<\/p>\n

Sterling edged up 0.1% to $1.34357 but remained near the nine-month low of $1.3412 reached overnight on concerns about soaring natural gas prices and almost a week of petrol shortages in Britain.<\/p>\n

A slight improvement in overall risk sentiment after days of gloom was seen in the cryptocurrency markets, as bitcoin rose 5% to $43,567 and ether bounced 6.4% to $3,034.09.<\/p>\n

Both coins are down between 20%-27% from their September peaks.<\/p>\n

========================================================<\/h2>\n

Currency bid prices at 0609 GMT<\/p>\n

Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid<\/p>\n

Previous Change<\/p>\n

Session<\/p>\n

Euro\/Dollar<\/p>\n

!RIC !RIC !RIC !RIC !RIC !RIC<\/h2>\n

{EUR=EBS} is {EUR=EBS} {EUR=EBS} is {EUR=EBS} {EUR=EBS} {EUR=EBS}<\/p>\n

invalid is invalid invalid% is is invalid is invalid<\/p>\n

invalid%<\/p>\n

Dollar\/Yen<\/p>\n

111.9000 111.9700 -0.04% +8.36% +111.9720 +111.8400<\/h2>\n

Euro\/Yen<\/p>\n

129.80 129.82 -0.02% +2.27% +129.9300 +129.6900<\/h2>\n

Dollar\/Swiss<\/p>\n

!RIC !RIC !RIC !RIC !RIC !RIC<\/h2>\n

{CHF=EBS} is {CHF=EBS} {CHF=EBS} is {CHF=EBS} {CHF=EBS} {CHF=EBS}<\/p>\n

invalid is invalid invalid% is is invalid is invalid<\/p>\n

invalid%<\/p>\n

Sterling\/Dollar<\/p>\n

1.3441 1.3427 +0.10% -1.62% +1.3458 +1.3426<\/h2>\n

Dollar\/Canadian<\/p>\n

1.2732 1.2753 -0.14% +0.01% +1.2762 +1.2727<\/h2>\n

Aussie\/Dollar<\/p>\n

0.7203 0.7174 +0.42% -6.35% +0.7208 +0.7176<\/h2>\n

NZ<\/h2>\n

Dollar\/Dollar 0.6876 0.6866 +0.09% -4.30% +0.6886 +0.6866<\/p>\n

All spots<\/p>\n

Tokyo spots<\/p>\n

Europe spots<\/p>\n

Volatilities<\/p>\n

Tokyo Forex market info from BOJ<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO (Reuters) – The greenback hovered near a one-year high versus major peers on Thursday as expectations mounted that the Federal Reserve will taper stimulus […]<\/p>\n","protected":false},"author":3,"featured_media":122117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nDollar near 1-year high as Fed tightening in focus, Aussie climbs - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/dollar-near-1-year-high-as-fed-tightening-in-focus-aussie-climbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar near 1-year high as Fed tightening in focus, Aussie climbs - Fin2me\" \/>\n<meta property=\"og:description\" content=\"TOKYO (Reuters) – The greenback hovered near a one-year high versus major peers on Thursday as expectations mounted that the Federal Reserve will taper stimulus [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/dollar-near-1-year-high-as-fed-tightening-in-focus-aussie-climbs\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-30T07:30:03+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/09\/Dollar-near-1-year-high-as-Fed-tightening-in-focus-Aussie-climbs.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/dollar-near-1-year-high-as-fed-tightening-in-focus-aussie-climbs\/\",\"url\":\"https:\/\/fin2me.com\/business\/dollar-near-1-year-high-as-fed-tightening-in-focus-aussie-climbs\/\",\"name\":\"Dollar near 1-year high as Fed tightening in focus, Aussie climbs - 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