Dollar recovers on expectations of US rate hike in 2015
Dollar recovers on expectations of US rate hike in 2015
Friday, March 27, 2015 16:27
BAGHDAD / follow Baghdadi News / … the dollar rose broadly on Friday, “extending a recovery that began in the previous session after Federal Reserve officials hinted (US central bank) that they are still going to raise interest rates this year.
It quoted “Reuters” in the news I followed / Baghdadi News / for prime bank Federal Reserve in St. Louis and Atlanta, he said, that “may need to adjust monetary policy severe easing in light of the steady improvement of the US economy since the financial crisis in 2007-2009.”
She told Reuters, “These statements have contributed to by the strong jobs data and the services sector in the United States in the recovery of the dollar after losing four percent against a basket of currencies since the Fed reduced its forecast for growth and inflation in the monetary policy statement last week.”
It has become, “The US currency rose 0.5 percent against a basket of currencies on Friday, bringing the index to 97.809. It remains the dollar index away from its highest level in 12 years struck two weeks ago, surpassing the 100 but increases about two percent from its lowest level in trading Omst.
She continued, “The dollar rose 0.6 percent against the euro to $ 1.0822, after rising 0.8 percent already after US data and the statements of the Central Bank officials on Thursday.”
Traders are awaiting word received president of the Federal Reserve Janet Yellen today.
And showed Reuters, “The US currency rose 0.2 percent against the Japanese counterpart of up to 119.455 yen,” noting that “the dollar is heading to record the second weekly losses after paying the cautious tone made by the Fed last week traders to reduce bets on the rise of the currency” .anthy 21 / b
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