{"id":1682500,"date":"2022-10-11T01:05:18","date_gmt":"2022-10-11T05:05:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1682500"},"modified":"2022-10-11T01:05:57","modified_gmt":"2022-10-11T05:05:57","slug":"dollar-gains-as-geopolitical-worries-rate-hike-fear-rattle-market","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-gains-as-geopolitical-worries-rate-hike-fear-rattle-market\/","title":{"rendered":"Dollar gains as geopolitical worries, rate hike fear rattle market"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdollar-gains-as-geopolitical-worries-rate-hike-fear-rattle-market%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1682500&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Ankur Banerjee<\/p>\n<p>(Reuters) \u2013     The dollar hit multi-year highs on Tuesday against the risk-sensitive Aussie and Kiwi dollars and the yen hovered near the level that prompted intervention as worries about rising interest rates and geopolitical tensions unsettled investors. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Strong U.S. labour data and an expectation of inflation figures on Thursday to remain stubbornly high have all but dashed bets on anything but high interest rates through 2023 and are driving the dollar back toward multi-decade highs.<\/p>\n<p>Risk appetite was also hurt on Tuesday after Russia rained missiles upon Ukraine\u2019s cities on Monday in retaliation for blast that damaged the only bridge linking Russia to the annexed Crimean peninsula.<\/p>\n<p>Sim Moh Siong, currency strategist at Bank of Singapore, said things are still uncertain because of geopolitical risks such as the war in Ukraine, escalating U.S.-China tensions and a sell-off in gilts on Monday.<\/p>\n<p>\u201cThis renewed wall of worries is likely to keep the dollar supported,\u201d he said, but cautioned that there could be a bit of a relief rally in risky assets.     <\/p>\n<p>U.S. dollar index was up 0.239% at 113.34, inching toward the 20-year high of 114.78 it touched late last month.   <\/p>\n<p>The yen hit 145.80 per dollar overnight, just 10 pips short of the 24-year trough it made before the Japanese government stepped in to prop it up three weeks ago. Japan returned from a holiday on Tuesday and the yen sat at 145.69.   <\/p>\n<p>Fear of intervention has held the yen firm in recent weeks, but as it drifts back to multi-decade lows analysts aren\u2019t convinced it can hold the line.<\/p>\n<p>\u201cThe bigger backdrop is that the intervention is unlikely to reverse the short term trend of upward bias to dollar\/yen,\u201d Sim added.     <\/p>\n<p>The risk-sensitive Australian dollar made a 2-1\/2 year low of $0.6275 on Monday and hovered at $0.6267 on Tuesday. Analysts at the National Australia Bank said the Aussie was the market\u2019s \u201cwhipping boy\u201d in a sell off and that further lows were possible in the near term as sentiment is fragile.<\/p>\n<p>The New Zealand dollar also made a 2-1\/2 year low at $0.5545 on Monday and is close to breaking its pandemic trough, with weak data from China further souring the mood<\/p>\n<p>\u201cOur expectation for the world economy to enter recession next year is consistent with further gains in the dollar,\u201d said Commonwealth Bank of Australia strategist Carol Kong.<\/p>\n<p>Britain\u2019s markets remain on edge and not exactly soothed by the Bank of England stepping up bond buying and finance minister Kwasi Kwarteng promising to bring forward some budget announcements.<\/p>\n<p>Gilts sold sharply overnight leading longer-term U.S. Treasury yields to move higher. Yields on the 30-year bond leapt as much as 11 basis points to the highest in almost nine years at 3.956%. <\/p>\n<p>Sterling was also wobbly, sliding to a 10-day low of $1.1027 on Monday. The pound was down 0.31% at $1.1025 on Tuesday.    <\/p>\n<p>The euro was down 0.22% at $0.9682, heading for fifth straight session of decline and drifting toward 20 year low it touched on Sept. 26.    <\/p>\n<p>========================================================<\/p>\n<p>Currency bid prices at 0335 GMT<\/p>\n<p>           Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid          <\/p>\n<p>                                                       Previous                   Change                            <\/p>\n<p>                                                       Session                                                      <\/p>\n<p>           Euro\/Dollar                  $0.9695        $0.9703     -0.08%         -14.72%     +0.9724     +0.9681          <\/p>\n<p>           Dollar\/Yen                   145.6650       145.7300    -0.03%         +26.66%     +145.7650   +145.6650          <\/p>\n<p>           Euro\/Yen                     141.22         141.39      -0.12%         +8.36%      +141.6700   +141.0800          <\/p>\n<p>           Dollar\/Swiss                 1.0008         0.9994      +0.15%         +9.72%      +1.0013     +0.9987          <\/p>\n<p>           Sterling\/Dollar              1.1054         1.1060      -0.07%         -18.28%     +1.1095     +1.1025          <\/p>\n<p>           Dollar\/Canadian              1.3828         1.3780      +0.36%         +9.38%      +1.3833     +1.3771          <\/p>\n<p>           Aussie\/Dollar                0.6269         0.6299      -0.48%         -13.77%     +0.6305     +0.6262          <\/p>\n<p>           NZ                           0.5553         0.5566      -0.24%         -18.88%     +0.5584     +0.5541          <\/p>\n<p>           Dollar\/Dollar                                                                                            <\/p>\n<p>All spots<\/p>\n<p>Tokyo spots<\/p>\n<p>Europe spots <\/p>\n<p>Volatilities <\/p>\n<p>Tokyo Forex market info from BOJ <\/p>\n<p> (Reporting by Tom Westbrook in Sydney and Ankur Banerjee in Singapore; Editing by Lincoln Feast and Gerry Doyle)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/dollar-gains-yen-flirts\/attachment\/illustration-picture-of-japanese-yen-and-u-s-dollar-banknotes\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A00T-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A00T-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ankur Banerjee (Reuters) \u2013 The dollar hit multi-year highs on Tuesday against the risk-sensitive Aussie and Kiwi dollars and the yen hovered near the level that prompted intervention as<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1682500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1682500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1682500"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1682500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1682500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1682500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1682500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}