The dollar posted weekly losses of more than 1% against the euro and yen
as investors readjusted their views on the future path of interest
rates after minutes from the Federal Reserve’s March meeting showed
officials hadn’t changed their outlook on monetary policy.
The dollar USDJPY +0.08% rose to ¥101.69 from ¥101.49 late Thursday, but posted a weekly loss of 1.5%. The euro EURUSD -0.02% was steady at $1.3886, for a weekly gain of 1.3%.
Data released Friday showed U.S. producer prices rose by more than expected last month, with details in the report hinting at a possible buildup in inflationary pressure that is desired by the Federal Reserve. The producer-price index, which measures wholesale inflation, rose by a seasonally adjusted 0.5% in March, beating economist expectations of a 0.1% gain. Read: Economists struggle to make sense of producer price jump.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Data released Friday showed U.S. producer prices rose by more than expected last month, with details in the report hinting at a possible buildup in inflationary pressure that is desired by the Federal Reserve. The producer-price index, which measures wholesale inflation, rose by a seasonally adjusted 0.5% in March, beating economist expectations of a 0.1% gain. Read: Economists struggle to make sense of producer price jump.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment