Dollar’s earning weekly’s gains against the euro has pushed the dollar index to rise 0.5% and touch a 16-month high

Updated time: 24 Jan, 2022, 14:18 (UTC+04:00)

#Dollar ’s earning weekly’s gains against the #euro has pushed the dollar index to rise 0.5% and touch a 16-month high.

The euro, despite recovering to $1.1372 from $1.1263, was still vulnerable as traders favored the dollar.

#Sterling and #kiwi firmed with rate hike bets, leaping 0.7% as bets on BoE and RBNZ.

#Yen experienced a weekly loss of 0.4%.

#AUD was under pressure from #oil price fall.

Swap markets priced 40% chance of 50 basis points hike.

#Bitcoin dropped 13%.

U.S indexes closed highs boosted by positive earnings of #Nvidia (NASDAQ: NVDA), #Macy ’s (NYSE:M) and #Pfizer Inc. (NYSE: PFE). About the #Fed , there has been a prediction that they will raise #interestrates late in Q4/2022 by 0.25 – 0.5%, although in the perspective of respondents, they should move even sooner by the end of next September to combat #inflation.

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