8 Hrs
Source:
معلومات مباشر
Dollar strengthens on inflation fears
The US dollar index rose slightly by 0.1% to reach 99.13, supported by a report indicating rising inflation, which has strengthened expectations for the Federal Reserve to raise interest rates by 25 basis points next week. Inflation data revealed a monthly price increase of 0.4% in August, pushing the probability of monetary tightening to around 87%. Markets began to reflect this by increasing long-term Treasury bond yields, which reached their highest level in about two decades over the week, amid growing inflationary pressures resulting from rising oil prices and a deterioration in fuel equipment costs. As a result, markets expect the Federal Reserve to continue tightening its monetary policy in an effort to control inflation, which has remained above its 2% target for 65 consecutive months.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)