LONDON (Reuters) – The dollar is rising on euro and yen, in the face of optimistic statements by several members of the Federal Reserve, which in recent days have sided with favor of a rise in interest rates in the short term.
To support the dollar against the yen also the possibility that the Bank of Japan will move in the opposite direction than the Fed cutting interest rates in even more negative territory.
At around 10.05, the greenback gained 0.5% against the yen to 100.75. More or less the same amount the upside on the euro, which goes down to $ 1.1277 from 1.1325 closing.
Sunday the Vice Chairman Stanley Fischer Fed have echoed those of Fed Chairman William Dudley of New York. Fischer has underlined as the US economy is close to center of the Central Institute of work and target inflation and, consequently, an increase in the cost of money may soon be a reality.
The week opened today will probably lived in expectation of the intervention of the number one of the Fed’s Janet Yellen, whose speech at the Jackson Hole forum, scheduled Friday 26, could be clearer than the next Fed move, especially on the possibility of a narrow bullish already at the September meeting
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