The US data schedule this week is relatively light, providing an opportunity to catch some breath Strong jobs report Friday and who paid Dollar To rise and change the markets’ bets on the expected scope of the future reduction in US interest rates.
And he waits Investors Wednesday Reserve Board meeting minutes Federal (US central bank) in September, which will present discussions on what appeared at the time to be a deterioration in… Labor market Which ended with all policymakers, except one, agreeing to lower prices Interest By 50 basis points.
But bets on another big cut in November are off the table after the latest non-farm payrolls data indicated the economy is becoming more resilient.
The CME Group’s Fed Watch tool showed that markets are now betting 85 percent on a 25 basis point cut in interest rates, in addition to a small possibility that the US Central Bank will leave interest rates unchanged.
The September Consumer Price Index report scheduled for Thursday will be the most important this week.
“It will be data,” analysts at Westpac IQ wrote in a note Inflation In the United States this week, the upcoming corporate results are important to support the recovery of the US dollar.”
And he settled down Dollar indexwhich measures the performance of the US currency against a basket of major currencies, at 102.490 points, which is a level not far from the highest level in seven weeks recorded on Friday at 102.69 points, according to Reuters data.
And he settled down euro At the level of $1.0977. The British pound reached $1.3101, a price close to its lowest level in more than three weeks at $1.30595, which was recorded on Monday.
It was traded Dollar Against the yen, it was in a narrow range, hovering around 148.28 yen, after reaching a seven-week high of 149.10 on Monday.
And he settled down Yuan In external trading at 7.0695 to the dollar.
The New Zealand dollar fell to its lowest level since August 19 at $0.6096, after the Reserve Bank of New Zealand cut interest rates by 50 basis points. The New Zealand dollar fell in recent trading by 0.55 percent to $0.61035.
