Dollar Gains 0.2% Against G-10 Peers as Rate-Hike Bets Build
Updated
Updated · Bloomberg · Jul 1
Dollar Gains 0.2% Against G-10 Peers as Rate-Hike Bets Build
2 articles · Updated · Bloomberg · Jul 1
Summary
The Bloomberg Dollar Spot Index rose 0.2%, extending the greenback’s advance against all Group-of-10 peers before speeches from central bankers including Fed Chair Kevin Warsh.
Rate-hike expectations and the prospect of policy signals from those speeches underpinned demand for the dollar after the index already gained 0.6% in the second quarter.
Japan’s yen slipped 0.1% to 162.77 per dollar after touching a 40-year low earlier this week, showing the pressure on currencies facing a stronger US unit.
South Korea’s won also slid toward its weakest level since the global financial crisis, with overseas investors’ selling of local stocks adding to the dollar-driven strain.