 The
 dollar gained against the yen, bolstered by the outlook for more U.S. 
interest-rate increases as markets began winding down before the 
year-end holidays.
The
 dollar gained against the yen, bolstered by the outlook for more U.S. 
interest-rate increases as markets began winding down before the 
year-end holidays.
A
 gauge of the dollar climbed 0.7 percent last week, the biggest gain 
since the start of November, after the Federal Reserve raised interest 
rates for the first time since 2006. Futures show the odds of an April 
rate hike increased to 50 percent. The euro was little changed as 
results from Spain’s election on Sunday left the country with no clear 
governing majority after Prime Minister Mariano Rajoy’s People’s Party 
lost more than a third of its support.
The
 greenback advanced 0.1 percent to 121.25 yen as of 8:39 a.m. in Tokyo 
after falling 1.1 percent on Friday. The U.S. currency was unchanged at 
$1.0868 per euro from Dec. 18 when it fell 0.4 percent.
The
 Bloomberg Dollar Spot Index, which tracks the currency against 10 major
 peers, was little changed at 1,234.77. The gauge reached the highest in
 data going back more than 10 years on Dec. 17 after members of the 
Federal Open Market Committee unanimously voted to raise the benchmark 
from a record low.
Source: Bloomberg

 
 
 
 










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