Dollar edges up as traders assess Fed rate hike bets ✔️ Stratford Management Tokyo Japan

January 17, 2022
Posted by: Stratford Team
Category: Economy

A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel/File Photo

Dollar edges up after Friday’s jump
China makes surprise 10 bps MLF cut

LONDON, Jan 17 (Reuters) – The dollar edged higher on Monday as traders continued to hold on to dollars but took the view that Federal Reserve tightening plans were largely priced in, while the euro eased from Friday’s two-month high.

An unexpected cut to key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China’s move only briefly weighed on the yuan.

The U.S. dollar index , which declined sharply last week until Friday’s leap, rose 0.1% to 95.323 at 1340 GMT. The cash Treasury market was closed for a holiday on Monday.

“With 3.7 Fed rate hikes priced…