World & BusinessDollar reportedly hits two-month high as markets weigh rate hikes
The Jakarta Post reports that expectations of near-term rate hikes lifted the dollar, though easing oil prices could shift the outlook for inflation and monetary policy.
TLDR
The Jakarta Post reports that the dollar reached a two-month high on September 23 as markets weighed near-term rate hikes, while noting that easing oil prices could alter the outlook. Bloomberg reports that US business activity rose at its fastest pace in more than five years, strengthening the case for further Federal Reserve rate increases. Bloomberg also says the final week of September has been the dollar’s strongest over the past decade, with the current rally suggesting a similar pattern this year.
Dollar reportedly hits two-month high as markets weigh rate hikes
The Jakarta Post reports that expectations of near-term rate hikes lifted the dollar, though easing oil prices could shift the outlook for inflation and monetary policy.