Author Topic: Dollar Touches 8-Month Highs related along in the middle of Yen....  (Read 170 times)

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Forex News Feed - Dollar Touches 8-Month Highs related along in the middle of Yen in version to Rate Hike View

 The dollar rose to its highest level in eight months closely the yen around Monday, boosted by the contrasting monetary policy outlooks along in the middle of the Federal Reserve and the Bank of Japan.
USD/JPY rose to a high of 114. 73, the strongest level past March 15, forward pulling encourage to trade at 114. 28, still taking place 0. 18% for the day by 03:31 AM ET (08:31 AM GMT).
BoJ Governor Haruhiko Kuroda said approaching Monday that it will continue as well as then its monetary improvement policy, but the late reflection that the bank was closely watching the economic effects of the prolonged stimulus.
Demand for the dollar continued to be underpinned by expectations that the Fed will fix to its try for gradual monetary tightening.
Fridays stronger-than-period-privileged U. S.  factory orders and benefits sector data saying investors see adding taking place an underwhelming jobs bank account for October.
The nonfarm payrolls description showed a smaller than the traditional extension in jobs layer and a slowdown in wage deposit.
The data did tiny to regulate expectations that the Fed will raise join up rates in December for the third period this year.
The U. S.  dollar index, which measures the greenback's strength neighboring to a trade-weighted basket of six major currencies, was last at 94. 88, not far away afield from the one-week tall of 95. 00 set overnight.
The euro was steady, behind than EUR/USD at 1. 1605, even if sterling was as well as little misused, following GBP/USD at 1. 3083.
Investors were waiting for any well-ventilated developments in U. S.  tax reform plans and were also watching the to the lead payment of U. S.  President Donald Trump's visit to Asia.
Trump said Monday that Washington would operate following Tokyo to sort out problems vis--vis trade as well as the world's biggest and third-largest economies.
Earlier, Trump vowed to vent for a deem not guilty and balanced trade partnership considering Japan after decades of "massive trade deficits" but said relatives as soon as close ally Tokyo were "enlarged than we have ever had".

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