The dollar edged up against major peers on Monday, as markets priced in around a 1-in-4 chance of the U.S. Federal Reserve raising benchmark rates this month after robust jobs data on Friday.
The dollar index - which tracks the greenback against six peers - came off the boil last week, after some Fed officials voiced a preference for a pause in rate hikes and after a breakthrough in U.S. debt ceiling talks calmed market jitters.for May, indicating the U.S. economy may still be running hot, analysts said the Fed may still have scope to pause rate rises as wage pressures eased and unemployment rose from a 53-year low.
"...the lack of other key inputs before next week's CPI [inflation data] could keep the dollar capped," currency analysts at ING said in a note.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold eases as firmer dollar offsets support from bets on Fed pauseGold prices edged lower in rangebound trading on Monday as the dollar firmed after a strong U.S. payrolls report.
Read more »
Dollar edges up as US rates seen higher for longerThe dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer.
Read more »
Dollar edges up as U.S. rates seen higher for longerThe dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer.
Read more »
On Monday, Apple could reveal changes to Siri coming in iOS 17Bloomberg's Mark Gurman disseminated a tweet stating that we could see Apple change the Siri wake phrase to 'Siri' from 'Hey Siri.'
Read more »
Live 105 returns to the airwaves on Monday, while Dave FM goes bye-bye“The people have spoken, and we are excited to answer the call,” Audacy’s Stacey Kauffman says of the decision to bring back the legendary radio station.
Read more »