The dollar rose to a three-week high against the yen after the
Federal Reserve ended bond purchases because of an improved labor
market.
The greenback gained versus 14 of its 16 major peers as traders
pushed up odds for an interest-rate increase next year even as the
Federal Open Market Committee maintained its pledge to keep borrowing
costs low for a “considerable time.” New Zealand’s dollar held a decline
after the Reserve Bank signaled it will keep rates unchanged for an
extended period. Bank of Japan Governor Haruhiko Kuroda will appear in
parliament today before a policy meeting tomorrow.
“Fed policy makers have dispelled any doubts that they will normalize
policy,” said Imre Speizer, a markets strategist at Westpac Banking
Corp. in Auckland. “The U.S. currency is back on its uptrend.”
Thursday, October 30, 2014
USD/JPY Back Above 109 as Bond-Buying Ends
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