lundi 13 avril 2015
Dollar rises against euro on continued Fed hike bets
Posted on 13:51 by nice news
The U.S. dollar rose against the euro on Monday in a continuation of last week's bets that the U.S. Federal Reserve will hike interest rates in the coming months, while the yen edged higher on comments from a high-profile economic adviser.
With little U.S. economic data, recent commentary from Fed officials and minutes from the central bank's March policy meeting suggesting the possibility of a June rate hike boosted demand for the dollar against the euro.
"To some extent that possibility has been put back on the table, and that's part of what's driving the dollar higher," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.
The dollar weakened against the Japanese yen after hitting a roughly three-week high of 120.845 yen earlier in the session. Analysts cited comments on Monday from Koichi Hamada, an economic adviser to Japan's Prime Minister Shinzo Abe, indicating that the yen was excessively weak against the dollar.
"What this implies is that Japanese officials have reached the limit of yen weakness that they want to see," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.
With little U.S. economic data, recent commentary from Fed officials and minutes from the central bank's March policy meeting suggesting the possibility of a June rate hike boosted demand for the dollar against the euro.
"To some extent that possibility has been put back on the table, and that's part of what's driving the dollar higher," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.
The dollar weakened against the Japanese yen after hitting a roughly three-week high of 120.845 yen earlier in the session. Analysts cited comments on Monday from Koichi Hamada, an economic adviser to Japan's Prime Minister Shinzo Abe, indicating that the yen was excessively weak against the dollar.
"What this implies is that Japanese officials have reached the limit of yen weakness that they want to see," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.
Dollar rises against euro on continued Fed hike bets
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