The USD is currently experiencing a period of strong growth, with the 11th consecutive increase - this is the longest increase in 9 years. This has pushed the price of the greenback higher, thanks to expectations of a strong US economy, especially as interest rates and oil prices remain high. This means the Fed will likely continue to raise interest rates and maintain higher interest rates for a longer period of time.
Despite the slight decline at the end of the week, many analysts still believe that the greenback could continue its more positive correction. Win Thin, head of global currency strategy at Brown Brothers Harriman in New York, said that this may just be a temporary correction and investors can take advantage of the opportunity to buy the greenback at low prices. cheaper.
The dollar rose 0.06% to 149.41 yen per dollar, after falling from an 11-month high of 149.71 on September 27. For the quarter, the greenback rose 3.54%. compared to the Yen, continuing to record strong growth after an increase of 8.66% in the previous quarter. However, the Japanese yen remains the focus of the market and is likely to prompt intervention from
The Euro rose 0.10% to reach $1.0578, but still faced its worst quarter against the Euro, with a decline of 3.08%. The common currency has rebounded from a near nine-month low of $1.0488 on September 27.
Despite the slight decline at the end of the week, many analysts still believe that the greenback could continue its more positive correction. Win Thin, head of global currency strategy at Brown Brothers Harriman in New York, said that this may just be a temporary correction and investors can take advantage of the opportunity to buy the greenback at low prices. cheaper.
The dollar rose 0.06% to 149.41 yen per dollar, after falling from an 11-month high of 149.71 on September 27. For the quarter, the greenback rose 3.54%. compared to the Yen, continuing to record strong growth after an increase of 8.66% in the previous quarter. However, the Japanese yen remains the focus of the market and is likely to prompt intervention from
The Euro rose 0.10% to reach $1.0578, but still faced its worst quarter against the Euro, with a decline of 3.08%. The common currency has rebounded from a near nine-month low of $1.0488 on September 27.
