The dollar slipped against a basket of currencies after touching near a four-month high on Friday, as investors pared bullish bets that a solid U.S. jobs report had pushed the Federal Reserve closer to raising interest rates this year.
A slide in longer-dated bond yields also weighed on the greenback, suggesting that because inflation remained low, the pace of the Fed's rate increases would be slow and the U.S. currency's upside potential likely limited.
But the outlook for the dollar remained generally positive on the prospect of higher rates, with most analysts expecting the central bank to begin the monetary tightening at its September policy-setting meeting.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
A slide in longer-dated bond yields also weighed on the greenback, suggesting that because inflation remained low, the pace of the Fed's rate increases would be slow and the U.S. currency's upside potential likely limited.
But the outlook for the dollar remained generally positive on the prospect of higher rates, with most analysts expecting the central bank to begin the monetary tightening at its September policy-setting meeting.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment