The dollar held gains
from its best week since July as investors look for further signs that
the U.S. economy is strong enough for the Federal Reserve to raise
interest rates by the end of this year.
The greenback advanced
against all of its 16 major counterparts last week after a report on
Friday showed the world’s largest economy expanded more than previously
forecast in the second quarter and Fed Chair Janet Yellen said the
central bank is on track to increase rates by December. The U.S.
government will release August figures for personal spending and prices
on Monday before announcing payrolls for this month on Oct. 2.
The Bloomberg Dollar
Spot Index, which tracks the currency against 10 major peers, was little
changed at 1,214.29 as of 9:01 a.m. in Tokyo, after completing a 1
percent weekly advance on Friday, the biggest since July 17. The gauge
has climbed 2.9 percent this quarter.
Central bank officials
scheduled to speak this week include New York Fed President William C.
Dudley, San Francisco Fed President John Williams and Yellen.
Source: Bloomberg
0 komentar :
Post a Comment