Greenback Steady at 13-Month Peak Amid Fed Speculation

 

The U.S. dollar remained near a 13-month high on Friday as investors evaluated the Federal Reserve's interest rate trajectory and lingering uncertainties in Europe kept pressure on the euro. Meanwhile, bitcoin hovered close to the $100,000 mark.  

 

The Japanese yen held steady against the dollar after domestic core inflation data stayed above the Bank of Japan's (BOJ) 2% target, signaling conditions may be aligning for further rate hikes. The dollar index slipped slightly by 0.05% to 107.01, just below Thursday's one-year peak of 107.15, as limited data this week failed to slow its upward trend.  

 

U.S. labor data released Thursday showed weekly jobless claims unexpectedly dropped to a seven-month low but also highlighted slower re-employment rates, which could provide the Federal Reserve with justification for a potential rate cut in December.  

 

Analysts noted that while global PMI data is due later in.

 

 

 

 

 

 

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author.