Dollar rebounds from two and a half month low after Fed minutes
Wednesday, 22 November 2023 The dollar rebounded from a two and a half low after the Federal Reserve's minutes hinted that interest rates would remain restrictive. The Fed stated they would proceed "carefully" and only raise rates if inflation control faltered. Markets expect the Fed to hold rates in December, but there is a 27% chance of a rate cut in March. The dollar index rose 0.2% but is down 2.6% in November. Analysts believe the Bank of Japan may exit negative interest rates next year. Bitcoin rose 2.3% after Binance's chief announced a guilty plea for breaking US anti-money laundering laws.
US Job Market , Stayed Strong In September , Despite Fed's Rate Hikes.
In September, employers posted 9.6 million
job openings, an indicator that America's
job market remains strong. .
ABC reports..
Credit: Wibbitz Top Stories Duration: 01:31Published
The rupee gained slightly against the US dollar, settling at 83.34 rupees per dollar. This was attributed to the weakness of the American currency in the global... IndiaTimes
Wednesday, 22 November 2023
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