The ICE U.S. Dollar Index DXY, +0.06% —a measure of the dollar against a basket of six major currencies—was up 0.6% at 95.09, a four-week high.
“It was puzzling to us that markets had become quiet complacent, not pricing in any possibility of a hike at the June meeting. So, clearly investors are now reassessing chances that the Fed might raise rates sooner than expected,” said Win Thin, global head of emerging market currency strategy at Brown Brothers Harriman.
The euro EURUSD, -0.0178% which was already weaker, fell further to trade at $1.1225 late in New York Trade compared with $1.1314 late Tuesday.
The dollar USDJPY, +0.03% rose to ¥109.94 on Wednesday compared with the ¥109.14 late Tuesday in New York.
For Free Signals and other KLSE online updates, click here 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 Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment