Dollar steadies as hot US CPI and Waller lift December Fed hike bets
US October CPI beat forecasts with 0.4% headline and 0.3% core, Treasury yields spiked, and Fed hike bets firmed as Waller floated a 50 bp December move.
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US October CPI beat forecasts with 0.4% headline and 0.3% core, Treasury yields spiked, and Fed hike bets firmed as Waller floated a 50 bp December move.
Australian sentiment and business surveys hit multi-year lows as China imports jumped 41.6%, while forex traders turned to US CPI and the Fed's December path.
The dollar gave back part of its post-payrolls rally as the NZ dollar rose after an election, while traders turned to US CPI and a heavy Treasury auction week.
The dollar posted its best day since June after strong US payrolls lifted Treasury yields, while Iran talk reports and firmer US sentiment shaped the close.
The dollar rebounded as US October payrolls rose 165K against 65K expected, while Canada lost jobs and the Aussie led losses in the 6 November ECB fixings.
The yen drew safe-haven demand as the Nasdaq 100 fell 6.36% on AI selling, while the dollar held flat and traders turned to US October payrolls data.
Bitcoin fell 3.01% to $72,795 after October US CPI rose 0.4%, above forecasts, while Ether lost 5.52% and traders priced in a December Fed rate hike.
Bitcoin fell 0.53% to $74,611 ahead of US October inflation data, while Ether lost 1.27% and the Fear & Greed Index rose to 32 from 29.
Bitcoin traded at $74,994 after bouncing from an 11-week low near $73,500, while Ether fell 4.28% and NYSE picked Avalanche for tokenized stock settlement.
Bitcoin fell 0.83% to $75,060 and Ether lost 4.11% to $2,141 as crypto lagged after the US midterms. Fear & Greed edged up slightly to 29.
Bitcoin rose 0.42% to $75,988 as Binance France set a Dec. 31 account closure with fees from Nov. 29, while Fear & Greed held at 28 after extreme fear.
Bitcoin traded at $75,701, down 0.21% in 24 hours, as Fear & Greed rose to 28 from 25 and Binance told some European users their accounts will close.