Capitalize Financial
No Result
View All Result
Wednesday, March 22, 2023
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
Capitalize Financial
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Sports

Dollar holds advantage as inflation surprise trips up bears

by capitalizefinancial
May 13, 2021
in Sports
0

Dollar holds advantage as inflation surprise trips up bears | Reuters

The dollar held gains on Thursday, supported by higher Treasury yields after a surprisingly strong rise in U.S. consumer prices fanned fears about an increase in inflationary pressure.

Traders will now turn attention to U.S. weekly jobless claims due later on Thursday and retail sales numbers on Friday for guidance on whether upward pressure on prices will persist.

The greenback is likely to extend its gains as some investors unwind bearish bets, and re-position in anticipation of sustained inflation pressures as more economies emerge from the coronavirus pandemic, analysts said.

“The move in the dollar was fuelled by the upward surprise in consumer prices, but also because the market was caught on the short side,” said Shinichiro Kadota, foreign exchange strategist at Barclays.

“This market is aware of the potential for further upside surprises to inflation. This will support the dollar.”

The dollar traded at 109.69 yen, close to its strongest level in five weeks.

Against the euro, the dollar stood at $1.2077, holding onto a 0.6% gain from the previous session.

The British pound bought $1.4064.

The dollar also traded at 0.9085 Swiss franc, close to a one-week high.

 

continue…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.
  • Trending
  • Comments
  • Latest

Capital One Savings Account Rates for November 2022

Gas Prices Today, October 22, 2022: Check the cheapest Gas Stations Today

7 personal finance tips for Gen Z, from a Gen Xer

NASA’s Orion spacecraft breaks Apollo 13 flight record

These are the 10 housing markets across the US where home sellers are sitting pretty

These are the 10 housing markets across the US where home sellers are sitting pretty

Embrace Technology And Stop Playing “Guess Who” With Your Customers

10 Best Finance Podcasts for 2023

NASA’s Webb Telescope Confirms First Exoplanet

Recent News

These are the 10 housing markets across the US where home sellers are sitting pretty

Embrace Technology And Stop Playing “Guess Who” With Your Customers

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • health
  • Markets
  • Music
  • Opinion
  • Politics
  • Real Estate
  • Science
  • Sports
  • Tech
  • World

Site Navigation

  • Contact Us
  • Privacy & Policy
  • Terms Of Service
  • Unsubscribe

© 2021 capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate

© 2021 capitalize Financial All Rights Reserved