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Dollar rises after blockbuster US data lures in bulls
![IndiaTimes]()
Friday, 27 October 2023
The dollar rose on Friday and is set for a third monthly gain after solid U.S. growth figures argued for interest rates to remain high for longer, while the yen struggled around the 150 level ahead of the Bank of Japan's policy meeting next week. The US economy grew at its fastest pace in nearly two years in the third quarter, data on Thursday showed, as higher wages from a tight labour market helped power consumer spending. The yen continued to wobble on the weaker side of 150 per dollar, a level some have seen as a potential trigger for intervention by Japanese authorities.
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Friday, 27 October 2023
