U.S. Dollar Advances After PMI Data, Fed Bullard's Comments
24 Octobre 2016 - 12:25PM
RTTF2
The U.S. dollar climbed against its most counterparts in New
York deals on Monday, as the U.S. manufacturing activity expanded
more than expected in October and the St Louis Federal Reserve
President James Bullard reiterated the call for an interest rate
hike in this year.
Data from IHS Markit showed that U.S. preliminary manufacturing
PMI rebounded to 53.2 in October, from a three-month low of 51.5 in
September. The rate of improvement was the highest since October
2015.
Speaking on economy and monetary policy at the Association for
University Business and Economic Research in Arkansas, St. Louis
Fed President James Bullard said that a single 25 basis point hike
in the benchmark interest rate would get the monetary authority
very close to the level recommended by a so-called Taylor-type
policy rule.
The greenback strengthened to a 1-week high of 104.24 against
the Japanese yen, from a low of 103.72 hit 2:45 am ET.
The greenback rose back to 1.0877 against the euro, off its
early low of 1.0900.
The greenback reversed from an early low of 1.2249 against the
pound, with the pair rising back to 1.2210.
If the greenback extends rise, it may find resistance around
106.00 against the yen, 1.07 against the euro and 1.20 against the
pound.
Euro vs US Dollar (FX:EURUSD)
Graphique Historique de la Devise
De Fév 2024 à Mar 2024
Euro vs US Dollar (FX:EURUSD)
Graphique Historique de la Devise
De Mar 2023 à Mar 2024