The dollar was firm on Monday as U.S. economic resilience raised expectations for Fed rate hikes, while the debt ceiling deal sparked some risk-on sentiment.
The dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by theThe greenback notched a fresh six-month high of 140.91in early Asia trade and was headed for a monthly gain of more than 3% against the Japanese currency.
The yen's renewed decline has come on the back of rising U.S. Treasury yields, as bets grow that interest rates in the United States would stay higher for longer.showed that U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy., which typically reflects near-term interest rate expectations, rising more than 10 basis points to an over two-month high of 4.639% on Friday.
Cash U.S. Treasuries were untraded in Asia on Monday, owing to the Memorial Day holiday in the United States, while futures were broadly steady. Ten-year futures' implied yield was 3.84%.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar elevated as sticky inflation cements Fed hike bets, debt ceiling deal lifts optimismThe dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by the Federal Reserve, while news that a debt ceiling deal had been finalised sparked some risk-on sentiment.
Read more »
Dollar steady on mounting Fed hike bets, debt ceiling deal optimismThe dollar held firm on Monday supported by growing expectations of further rate hikes by the U.S. Federal Reserve, though news that a debt ceiling deal had been finalised drew some of the safe haven bids away from the greenback.
Read more »
D.C.-area forecast: Pleasant today, but less ideal Sunday into Monday as showers roamOur wonderful run of weather couldn't last forever. We could use some rain, anyway.
Read more »
Fed's Goolsbee says U.S. debt ceiling deal avoids 'extremely negative' consequences By Reuters*FED'S GOOLSBEE WELCOMES NEWS OF A DEAL ON U.S. DEBT CEILING *GOOLSBEE SAYS U.S. DEBT CEILING DEAL AVOIDS 'EXTREMELY NEGATIVE' CONSEQUENCES 🇺🇸 🇺🇸
Read more »
White Sox's Liam Hendriks expected to return Monday after cancer treatmentHendriks is expected to be activated on Memorial Day, which would mark his return from stage 4 non-Hodgkin's lymphoma.
Read more »