Sterling steady as hawkish Fed keeps dollar bid
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Sterling traded little changed on Friday while the euro edged higher, as a week of hotter U.S. inflation and more aggressive Federal Reserve pricing left the dollar near its strongest levels of the year. Our AI stock portfolio is beating the S&P 500 by 118%.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe dollar near its yearly highs weighs on major currencies as markets price further Fed hikes.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Sterling was up 0.04% at $1.3241, while the euro rose to $1.1063.
- 02Short-dated U.S. yields are close to 40 basis points higher since Tuesday, according to ING.
- 03Markets price back-to-back Fed hikes in December and January and a full 85bp of tightening.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar Index103.1300+0.03%today +0.22%Positive UK Pound Sterling/US Dollar FX Spot Rate1.3225-0.06%today -0.07%Negative EUR/USD1.1054-0.03%today -0.05%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets