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FOREX-Dollar Perched at Two-Month High as Hot PMI Fuels Inflation Fears, Rate Hike Bets
Summary by Devdiscourse
8 Articles
8 Articles
Dollar perched at two-month high as hot PMI fuels inflation fears, rate hike bets
The dollar clung to a two-month high on Thursday after a strong manufacturing reading reignited inflation fears and rate-hike bets, while a weak Treasury auction sent yields higher across the curve, providing fresh impetus to the US currency.
Hong Kong: The dollar today settled Thursday at its highest level in two months, after strong indicators of the manufacturing sector raised new concerns about inflation and supported expectations of higher interest rates.
Coverage Details
Total News Sources8
Leaning Left0Leaning Right2Center4Last Updated67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
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