Kay Van-Petersen
PMI data, Q4 growth and GDP figures are on tap in week 43, but central-bank meetings could be the key events, says Kay Van-Petersen, macro strategist at Saxo Capital Markets.
Squawk / 30 September 2016 at 15:46 GMT
Portfolio Manager / FxCox™ LLP - London -
United Kingdom
The US dollar index, which measures the greenback against a basket of six major currencies, was last up 0.09% at 95.51.
The greenback pared its retreat this year to 4% after Fed Chair Janet Yellen said Wednesday that the majority of the central bank’s policy-setting group sees an interest-rate increase as likely needed this year.
Fed Bank of Atlanta President Dennis Lockhart said Thursday that the central bank is nearing its goals for maximum employment and inflation near 2%, leaving the economy primed for a rate hike. His Philadelphia counterpart, Patrick Harker, said policy makers should begin raising borrowing costs.
30 September
FxCox FxCox
The U.S. dollar hit a more than one-month low against the Swiss franc and trimmed gains against the yen on Thursday on concerns over Deutsche Bank, while increased expectations for a December Federal Reserve rate hike kept the greenback generally afloat. The franc and the yen, which are perceived to be safe-havens, benefited from the worries surrounding Germany's biggest lender. The dollar hit 0.9641 franc, its lowest level against the Swiss currency since Aug. 26.


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