The
dollar headed for its first weekly advance since the start of this
month as a rally in stocks and accelerating growth fueled speculation
the U.S. economy will be resilient to a slowdown in China.
The
greenback has gained against all its Group-of-10 peers except the yen
this week as traders increased to 54 percent the odds the Federal
Reserve will raise interest rates this year, from as low as 46 percent
on Tuesday. The currency of New Zealand, which has China as its biggest
trading partner, led declines among major counterparts this week.
The
Bloomberg Dollar Spot Index, which tracks the currency versus 10 major
peers, has risen 0.5 percent this week to 1,205.76 as of 9:52 a.m. in
Tokyo. The greenback appreciated 1.3 percent to $1.1236 per euro, and
fell 0.8 percent to 121.13 yen. It was little changed Friday.
The
dollar climbed for a third day versus the euro Thursday after a report
showed U.S. gross domestic product rose at a 3.7 percent annualized rate
in the second quarter, exceeding all estimates of economists surveyed
by Bloomberg. A day earlier, Commerce Department data showed orders for
capital goods increased by the most in a year in July.
Kansas
City Fed President Esther George said it’s too soon to tell whether
market volatility will affect the U.S. economy, and every policy-setting
meeting is a live option to start raising rates.
The kiwi slid 2.9 percent to 64.95 U.S. cents this week and the Australian dollar dropped 1.7 percent to 71.89 cents.
Source : Bloomberg
0 komentar :
Post a Comment