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01-01-1970 12:00 AM | Source: GEPL Capital Ltd
The U.S. dollar surged to a six-week high in early European trade - GEPL Capital
News By Tags | #2767 #57

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News / Other data

 

* The euro eked out a small gain against the dollar Friday in a desperate attempt to find its footing after weeks of selling, but some see the reprieve as another opportunity to load up on bearish bets against the single currency as the greenback feasts on hawkish Fed bets.

* The dollar edged lower against the euro and sterling on Friday, as the market readjusts ahead of the long weekend and awaits clues on how the Federal Reserve plans to continue tackling still-high inflation.

* Japan will start a pilot programme in April to test the use of a digital yen, its central bank said on Friday, joining a growing number of countries seeking to catch up with front-runner China in launching a central bank digital currency (CBDC).

* The Russian rouble fell past 75 to the dollar on Friday, extending a recent weakening trend sparked by embargoes on Russian oil products and the steady recovery of imports, which has raised demand for foreign currency.

* The U.S. dollar surged to a six-week high in early European trade Friday, after strong U.S. economic data and hawkish comments from Federal Reserve policymakers pointed to more interest rate hikes. ? Most Asian currencies fell on Friday, while the dollar hit a six-week high against a basket of currencies after stronger-than-expected inflation readings and hawkish comments from Federal Reserve officials drove up expectations of more interest rate hikes this year.

 

Data inference

* No Major Event.

 

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