Dollar Expected to Steam Ahead as Bond Yields Rise
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by
our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact
Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
https://www.wsj.com/finance/investing/aud-usd-could-have-further-to-fall-1b1a1310
Updated Oct. 4, 2023 3:30 am ET
0727 GMT – The dollar’s strong gains should continue due to higher U.S. bond yields and the “relentless run of strong U.S. data,” including Tuesday’s bumper Jolts jobs data, says ING currency analyst Chris Turner. Strong data mean money markets continue to reduce expectations for how far the U.S. Federal Reserve will cut interest rates and they now price a low point above 4.50% in two to three years’ time, up from 3.68% at the start of September, he says. “There seems little reason to sell the dollar at present—perhaps only a shock drop in ISM services [data at 1400 GMT] could weigh on the dollar today.” The DXY dollar index could rise to 108, from 107.204 currently, he says. ([email protected])
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by
our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact
Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Wall Street Journal – https://www.wsj.com/articles/aud-usd-could-have-further-to-fall-1b1a1310
