Sterling slides as hawkish Fed minutes support dollar strength
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Sterling traded lower on Thursday while the euro also slipped, as September Fed minutes showing policymakers leaning toward another rate hike kept the dollar supported. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishSeptember Fed minutes signal policymakers leaning toward another rate hike, supporting dollar and Treasury yields.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01GBP/USD falls 0.20% to $1.3195 while EUR/USD declines 0.06% to $1.1189.
- 02Fed minutes reinforce dollar support amid a more difficult investment environment.
- 03ING analyst expects DXY to grind toward 102.85 over coming months.
- 04Elevated Treasury yields and rising volatility have drained money from carry trades.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar Index102.2100+0.04%today +0.37%Positive UK Pound Sterling/US Dollar FX Spot Rate1.3192-0.01%today -0.16%Negative EUR/USD1.1178-0.07%today -0.16%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets