The safe-harbour yen and dollar started the week firmer against riskier currencies like the Aussie as rising COVID-19 cases and a decline in Asian equities set a cautious tone ahead of the Federal Reserve's meeting this week.
The yen rose about 0.5% to 81.08 per Australian dollar on Monday, while the dollar gained 0.2% to $0.7351 per Aussie , approaching an almost eight-month high of $0.72895 reached last week.The euro rose 0.1% to $1.17795, stabilizing after its drop last week to the lowest since early April at $1.1752.
Commonwealth Bank of Australia projects the dollar can continue to strengthen this week on the possibility of the Fed moving a step closer to tapering at the conclusion of its two-day policy meeting on Wednesday. The risk to such an outlook is the rise in COVID-19 cases in the United States, coming after the Fed at its last meeting on June 16 dropped a reference to the coronavirus as a drag on the economy."Overall, the Fed is expected to hold a rather neutral stance before the Jackson Hole symposium in late August, while risks are biased to dovish side given the Delta variant spread," Mizuho Bank strategist Ken Cheung wrote in a report.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed to tiptoe towards tapering next weekThe Federal Reserve meeting will start to work on its plans to slow down its bond purchases but Fed Chairman Jerome Powell won't give away crucial details...
Leer más »
ELLE’s 30 Places To Instagram in 2021For ELLE's 2021 30 Places to Instagram, we sorted through dozens of locales to bring you the best of the best resorts, restaurants, getaways, art exhibits, and more that deserve a coveted spot on your grid.
Leer más »
Ratings for Olympics Opening Ceremony Fall 36% From 2016Ratings for the Tokyo Olympics opening ceremony declined about 36% compared to the 2016 Games
Leer más »
Attitudes towards experimenting on monkeys are divergingProbing the workings of the brain is a 21st-century equivalent to exploring the farthest reaches of the planet. And it will be China who leads the way
Leer más »
Bitcoin tops $39,000 for the first time in nearly 6 weeks, adding $114 billion to the crypto marketBitcoin surged 12% on Sunday topping $39,000 for the first time since mid-June as sentiment turned bullish following a recent sell-off.
Leer más »