SYDNEY : The dollar was poised to push higher on Thursday as hawkish comments from the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe and Japan remain distant prospects.The euro was down at US$1.1837, having recoiled from a top of U
SYDNEY : The dollar was poised to push higher on Thursday as hawkish comments from the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe and Japan remain distant prospects.
The rally came after Fed Vice Chair Richard Clarida said conditions for an interest rate hike could be met in late 2022, setting the stage for a move in early 2023. Thus, while the median forecast for payrolls is 870,000 the range of estimates stretches from 350,000 to 1.6 million. Such a move would likely come well ahead of any tightening by the European Central Bank, which is still battling to get inflation near its target.
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