And he continued Dollarwhich was reinforced by higher Treasury yields, put pressure on the yen, the euro and the pound SterlingThis is a trend that has been increasing over the past few weeks, as data has shown that… American economy It remains in good shape, reducing bets on a price cut Interest in the United States rapidly and at large rates.
And across four policymakers at the Fed Federal Yesterday, Monday, they expressed their support for further cuts in interest rates, despite their differences regarding the speed of the cuts and the target range.
The divergent views give a glimpse of what we can expect at the Federal Reserve’s next monetary policy meeting on November 6-7.
Markets see an 89 percent chance of cutting interest rates by 25 basis points during the next meeting, compared to a 50 percent chance last month.
And he arrived Dollar indexwhich measures the performance of the US currency against six major currencies, reached 103.93 in Asian trading, after reaching 104.02 points yesterday, Monday, which is its highest level since August 1. The index is on track to achieve a gain of more than three percent this month.
And he reached euro $1.08205 in the latest trading, approaching its lowest level since August 2, as it reached Pound Sterling To $1.3006, near its lowest level since August 20.
As the date approaches US presidential elections Due within two weeks, the dollar received support from the increasing possibilities of former President Donald Trump winning the November 5 elections, as the policies of… Customs tariffs Trump’s proposed taxes are likely to keep US interest rates high.
However, the contest remains very close and the election outcome is unpredictable, and analysts expect volatility as investors weigh the situation ahead of the results.
“With Trump’s victory, we can expect a somewhat turbulent environment with a lot of uncertainty,” strategists at Pine Bridge Investments said in a note, according to Reuters.
The note added, “While a Trump victory could be viewed as an unfavorable circumstance in the short term for markets, the picture looks very different in the longer term… In a way, we view Harris’ victory as a continuation of the ‘status quo’ and current policies, as it entails a process Slower policy shifts.
In Asian trading, the yield on standard 10-year US Treasury bonds rose to its highest level since July 26, and was last traded at 4.218 percent.
The impact of higher returns on Japanese currency Highly sensitive to movements in Treasuries. On Tuesday, the yen touched its lowest level in almost three months at 151.10 against the dollar.
Comes retreat Yen At a time when Japan is preparing to hold general elections on October 27. While opinion polls vary on how many seats the ruling Liberal Democratic Party will win, markets were optimistic that it, along with its junior coalition partner Komeito, would prevail.
