{"id":72497,"date":"2022-09-20T22:12:28","date_gmt":"2022-09-20T18:12:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72497"},"modified":"2022-09-20T22:14:10","modified_gmt":"2022-09-20T18:14:10","slug":"us-dollar-reaps-more-gains-ahead-of-fed","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-dollar-reaps-more-gains-ahead-of-fed\/09\/20\/market-updates\/","title":{"rendered":"US dollar reaps more gains ahead of Fed"},"content":{"rendered":"\n<p>The US dollar rose on Tuesday, trading near a two-decade high, as investors\u2019 focus shifted to expectation of another aggressive rate hike by the Fed amid a week that is full of major bank meetings.<br><br>The Fed has already started its two-day meeting on Tuesday, with rate futures traders betting on an 81% chance of a 75 basis point hike and a 19% probability of a 100 bps of tightening.<br><br>The dollar index was on track for its fifth weekly gain in six and was last up 0.5% at 110.24. It is not far from 110.79, a level hit earlier this month for the first time since June 2002.<br><br>Traders and investors are aware that the dollar is behaving like a force of nature, and unwilling to face its momentum.<br><br>This means that unless something influential could slow it down between now and Wednesday, the US dollar is likely to follow Newton&#8217;s first law, namely an object in motion will stay in motion until impacted by an external force.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar rose on Tuesday, trading near a two-decade high, as investors\u2019 focus shifted to expectation of another aggressive rate hike by the Fed amid a week that is full of major bank meetings.The Fed has already started its two-day meeting on Tuesday, with rate futures traders betting on an 81% chance of a &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61086,"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":[37,36],"tags":[7604,6885,8367],"class_list":["post-72497","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-dollar-index","tag-fed","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72497","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72497"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72497\/revisions"}],"predecessor-version":[{"id":72502,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72497\/revisions\/72502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61086"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}