{"id":136858,"date":"2021-08-26T12:03:19","date_gmt":"2021-08-26T12:03:19","guid":{"rendered":"https:\/\/precoinnews.com\/?p=136858"},"modified":"2021-08-26T12:03:19","modified_gmt":"2021-08-26T12:03:19","slug":"dollar-rises-off-one-week-low-as-2021-taper-bets-grow","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/","title":{"rendered":"Dollar rises off one-week low as 2021 taper bets grow"},"content":{"rendered":"

LONDON (Reuters) – The dollar rose from one-week lows on Thursday, supported by U.S. Treasury yields holding near 1.35% in a quiet market where focus was firmly trained on what signals the Federal Reserve might send at its annual Jackson Hole conference.<\/p>

FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS\/Yuriko Nakao\/File Photo<\/figcaption>

The conference kicks off later in the day in virtual format but the main event is Fed boss Jerome Powell\u2019s speech on Friday where he is widely expected to signal when the central bank could start unwinding its monetary stimulus.<\/p>\n

Bond markets sold off heavily on Wednesday, partly on the back of investors hedging their bets ahead of the speech, taking 10-year Treasury yields to almost two-week highs.<\/p>\n

The dollar index, which measures the currency against six rivals, inched up to 92.86 after dropping to 92.801 for the first time since Aug. 17. Against the euro, it was at $1.1775, matching Wednesday\u2019s one-week low.<\/p>\n

Currency market swings have also eased ahead of the speech, with implied euro-dollar volatility at a one-week low.<\/p>\n

Markets are assessing how the Fed will react to signs inflation could be less transitory than it had flagged and whether it will stick to its new policy framework of letting inflation run hot.<\/p>\n

While Powell has held a dovish tone, there are clear signs of dissent within the Fed.<\/p>\n

\u201cThe last time FX markets moved a long way was after the June FOMC meeting. It suddenly seemed as if the new Fed is quite similar to the old one, in that they will hike rates at the first sign of inflation,\u201d Mizuho senior economist Colin Asher said.<\/p>\n

Asher noted that while strong global economic growth indicated a softer dollar, the Fed stance would be key.<\/p>\n

\u201cI was in the camp that the new Fed is the new Fed but if it\u2019s still the old one, it\u2019s a less benign backdrop and the dollar will remain reasonably well supported.\u201d<\/p>\n

Signals of a taper starting this year had lifted the dollar index to a 9-1\/2-month high of 93.734 last Friday.<\/p>\n

But that was before Dallas Fed President Robert Kaplan, among the most forceful advocates for starting to reduce support for the economy, said he may adjust his view if the coronavirus slows economic growth materially.<\/p>\n

The greenback slipped 0.15% to the yen but the pair is meandering near the centre of its trading range since early July.<\/p>\n

Meanwhile, more central banks worldwide are exiting or contemplating exiting from ultra-easy accommodative policies. South Korea\u2019s central bank on Thursday raised interest rates for the first time in three years<\/p>\n

The won gave up initial gains, however, to fall 0.6% after the hike which had been well-flagged.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON (Reuters) – The dollar rose from<\/p>\n","protected":false},"author":3,"featured_media":136857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nDollar rises off one-week low as 2021 taper bets grow - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar rises off one-week low as 2021 taper bets grow - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) – The dollar rose from\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-26T12:03:19+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/08\/Dollar-rises-off-one-week-low-as-2021-taper-bets-grow.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/\",\"name\":\"Dollar rises off one-week low as 2021 taper bets grow - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-08-26T12:03:19+00:00\",\"dateModified\":\"2021-08-26T12:03:19+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/precoinnews.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Dollar rises off one-week low as 2021 taper bets grow\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dollar rises off one-week low as 2021 taper bets grow - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/","og_locale":"en_US","og_type":"article","og_title":"Dollar rises off one-week low as 2021 taper bets grow - Pre Coin News","og_description":"LONDON (Reuters) – The dollar rose from","og_url":"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/","og_site_name":"Pre Coin News","article_published_time":"2021-08-26T12:03:19+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/08\/Dollar-rises-off-one-week-low-as-2021-taper-bets-grow.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/","url":"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/","name":"Dollar rises off one-week low as 2021 taper bets grow - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-08-26T12:03:19+00:00","dateModified":"2021-08-26T12:03:19+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/markets\/dollar-rises-off-one-week-low-as-2021-taper-bets-grow\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/precoinnews.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Dollar rises off one-week low as 2021 taper bets grow"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/136858"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=136858"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/136858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/136857"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=136858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=136858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=136858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}