Dollar rate falls against euro
12.09.2022 12:30
The US dollar showed growth against the yen and decline against the euro on September 12 morning, as markets are waiting for the inflation statistics in the US, which may continue to slow down, reported from the auction data.
The euro rose to $1.0079 against the dollar from the previous close of $1.0039, the dollar rose to 143.18 yen against the yen from 142.52 yen. This is while the dollar index (the exchange rate against a basket of currencies of six countries - US trading partners) fell by 0.15%, to 108.83 points.
Markets expect the publication of annual inflation statistics in the US for August on September 13. Analysts expect the consumer price growth in the country to show a slowdown for the second month in a row - to 8.1% from 8.5% and 9.1% month after month.
At the same time, investors continue to expect that the US Federal Reserve System (FRS) will also raise the discount rate in September by 75 basis points, as it was already decided twice last summer. According to the CME Group, 90% of analysts admit such a possibility. This is while 10% of experts believe that the rate increase can be slowed down to 50 basis points.
Global financial regulators tend to raise refinancing rates to fight inflation. Such a policy raises fears in the markets about a possible recession.
www.anews.az
The euro rose to $1.0079 against the dollar from the previous close of $1.0039, the dollar rose to 143.18 yen against the yen from 142.52 yen. This is while the dollar index (the exchange rate against a basket of currencies of six countries - US trading partners) fell by 0.15%, to 108.83 points.
Markets expect the publication of annual inflation statistics in the US for August on September 13. Analysts expect the consumer price growth in the country to show a slowdown for the second month in a row - to 8.1% from 8.5% and 9.1% month after month.
At the same time, investors continue to expect that the US Federal Reserve System (FRS) will also raise the discount rate in September by 75 basis points, as it was already decided twice last summer. According to the CME Group, 90% of analysts admit such a possibility. This is while 10% of experts believe that the rate increase can be slowed down to 50 basis points.
Global financial regulators tend to raise refinancing rates to fight inflation. Such a policy raises fears in the markets about a possible recession.
www.anews.az
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