Money markets ramp up global rate hike bets
As inflationary pressures mount worldwide, money markets are charging ahead with pricing aggressive interest rate rises. Energy prices at multi-year highs and relentless supply chain snarls have raised fears of a future inflation spike. Norway and New Zealand have become the first developed countries to lift rates as economies recover from the pandemic crisis. And hawkish shifts […]
Fed taper talk lifts dollar ahead of inflation test
The dollar hovered near a four-month high against the euro and scaled a five-week peak on the Japanese yen. This is as the traders awaited U.S. inflation data and wagered a high reading could pressure the Federal Reserve to wind back policy support. The greenback has already caught a boost from the U.S. jobs data […]