Dollar heads for best week since September as PPI keeps Fed hikes in play
The dollar eyed its biggest weekly gain since September as US PPI kept Fed hike bets alive and the ECB fixed USD/JPY at 160.00 on 13 November.
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The dollar eyed its biggest weekly gain since September as US PPI kept Fed hike bets alive and the ECB fixed USD/JPY at 160.00 on 13 November.
USD/JPY touched 160 for the first time since September, per Investing.com, as Japan's Katayama warned of one-sided moves and vowed US coordination.
USD/JPY fixed at 159.70 as hawkish Fed bets kept the dollar near a 19-month high, while a UK GDP beat failed to lift sterling and US claims rose to 200K.
The dollar hit a 19-month high on Fed hike bets, the ECB fixing put USD/JPY at 159.23, and BoE's Greene backed proactive tightening against wage risks.
The dollar rose across the majors as 50 bp Fed hike fears hit global bonds, pushing USD/JPY toward 159 while US bond markets shut for Veterans Day.
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