TOKYO : The dollar held about 1 per cent below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday and followed by the Bank of Japan and Bank of England the next day.The dollar index, which measures the curr
TOKYO : The dollar held about 1 per cent below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday and followed by the Bank of Japan and Bank of England the next day.
Fed policymakers have stressed their decisions will be taken meeting by meeting and be dependent on the most recent data. "USD can remain elevated as the FOMC continues to hike aggressively and on growing global recession risks," and could hit a new cyclical peak above 110.8, Commonwealth Bank of Australia strategists wrote in a client note.
The BOJ is widely expected to stick with massive stimulus on Thursday, standing out among developed-nation central banks that are all rapidly tightening policy to tame inflation.
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