Dollar rallied for the third day, especially after indications of a possible US interest rate hike the coming week. However, the possibility of a more cautious take on future rate hikes slowed it down.
The dollar gained 6% but the trend of US treasury yields have pulled down on expectations. It also suggests that the Fed could be on a wait-and-watch towards monetary policy outlook.
The dollar had touched higher at 97.40 earlier today.
Even as Street expects just one more rate hike in 2019, banks like JP Morgan (JPM) looks to at least four interest rate hikes in the coming year.
US inflation data also indicated that headline inflation forecast is at 2.2%, up from 2.1%.
The 10-year Treasury note yield rose to 2.886%, as it continued its ascent from recent lows.
Earlier today, US futures hinted at a higher open in the stock market after ending flat on Tuesday, on renewed optimism regarding the US-China trade deal talks.
We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
