The US dollar rose on Wednesday, March 17th and 10-year Treasury yields approached a 13-month peak ahead of the US Federal Reserve meeting that may shed some light on the timing of future interest rate hikes and the bank’s tolerance for higher yields.<\/p>\n\n\n\n
Policymakers are expected to release forecasts for the fastest pace of economic growth in the United States, in the wake of the COVID-19 vaccination campaign and a new stimulus of $1.9 trillion. Dealers in the market will pay attention to any signs that the central bank will start raising interest rates in 2023, which is earlier than previously announced.<\/p>\n\n\n\n
In all cases, expectations of a faster than expected economic recovery are expected to have an impact.<\/p>\n\n\n\n
The euro fell 0.07% to $1.1893 after falling in the previous three sessions.<\/p>\n\n\n\n
In early trading in Europe, the dollar index rose 0.09% to 91.953 after recording gains during the previous three consecutive sessions, mainly supported by higher US bond yields.<\/p>\n\n\n\n
Against the yen, the US currency rose 0.15% to 109.14, hovering near its nine-month high it reached this week.<\/p>\n\n\n\n
The pound sterling rose 0.14% to $1.3914, recovering from profit-taking sales, after reaching its highest level in nearly three years last month on the back of a rapid vaccination campaign.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US dollar rose on Wednesday, March 17th and 10-year Treasury yields approached a 13-month peak ahead of the US Federal Reserve meeting that may shed some light on the timing of future interest rate hikes and the bank’s tolerance for higher yields. Policymakers are expected to release forecasts for the fastest pace of economic …<\/p>\n","protected":false},"author":9,"featured_media":31172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-43019","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=43019"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43019\/revisions"}],"predecessor-version":[{"id":43020,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43019\/revisions\/43020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31172"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=43019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}