The dollar rose on Thursday after falling earlier to its lowest level in a month in volatile trading ahead of the European Central Bank’s expected interest rate hike.<\/p>\n\n\n\n
Meanwhile, the yen gained some strength ahead of the Bank of Japan’s monetary policy decision on Friday, rising to 145.11 against the dollar, its highest level since Oct. 21.<\/p>\n\n\n\n
The dollar has fallen sharply recently as investor sentiment improved on signs that the US Federal Reserve was considering slowing the pace of interest rate hikes in December.<\/p>\n\n\n\n
On Thursday, the euro reached its highest level in more than a month at $1.0094 before reversing course.<\/p>\n\n\n\n
And fell in the last trading 0.13 percent to $ 1.0066 before the European Central Bank’s decision. The bank is expected to raise the benchmark interest rate by 75 basis points to 1.5 percent, its highest level in 13 years.<\/p>\n\n\n\n
The dollar rose against a basket of currencies, by 0.16 percent to 109.73, after rebounding from its decline to its lowest level in a month at 109.53 earlier on Thursday. The British pound fell 0.27 percent to 11,596 dollars.<\/p>\n\n\n\n
The yen also rose in the latest trading 0.52 percent against the dollar to 145.67. The yen witnessed volatile trading after it was raised about the government’s intervention to support it on Friday and Monday.<\/p>\n\n\n\n
Markets still expect the Federal Reserve to raise interest rates by another 75 basis points next week, although many investors expect a smaller increase in December.<\/p>\n\n\n\n
The Australian dollar fell 0.18 percent to $0.6483 as higher inflation data increased pressure on the Reserve Bank of Australia to raise interest rates more sharply.<\/p>\n","protected":false},"excerpt":{"rendered":"
The dollar rose on Thursday after falling earlier to its lowest level in a month in volatile trading ahead of the European Central Bank’s expected interest rate hike. Meanwhile, the yen gained some strength ahead of the Bank of Japan’s monetary policy decision on Friday, rising to 145.11 against the dollar, its highest level since …<\/p>\n","protected":false},"author":9,"featured_media":34466,"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-74682","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\/74682","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=74682"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74682\/revisions"}],"predecessor-version":[{"id":74683,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74682\/revisions\/74683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}