Share to WeChat
Open WeChat, click “Discover” at the bottom, |
CBN 2021-11-12 16:31:04
Editor in charge: Hao Yunying
The US dollar index rose for the second consecutive trading day on Thursday, climbing 0.27% in late trading to 95.13, setting a new high since July 22, 2020. On the news, data released on Wednesday showed that the U.S. consumer price index rose the most year-on-year in October since 1990, which intensified speculation that the Fed will raise interest rates earlier than expected. Traders questioned the Fed’s current high inflation. It is the “temporary” position.
High inflation promotes early interest rate hikes, betting that the U.S. dollar breaks the 95 mark and hits a new high in nearly 16 months丨Global Connect
The US dollar index rose for the second consecutive trading day on Thursday, climbing 0.27% in late trading to 95.13, setting a new high since July 22, 2020. On the news, data released on Wednesday showed that the U.S. consumer price index rose the most year-on-year in October since 1990, which intensified speculation that the Fed will raise interest rates earlier than expected. Traders questioned the Fed’s current high inflation. It is the “temporary” position.
.