Join date: Mar 21, 2022

Markets anticipate further rate increases makanan khas jawa timur paling populer at the Fed's subsequent meetings, with pricing indicating nearly a 90% chance of at least 75 basis points of increases across the Fed's May and June meetings, according to the CME's Fedwatch tool.

Such high expectations helped the dollar climb steadily in the early part of this year, but with many Fed increases already priced in, it could struggle to gain much more further, analysts say.

"Given already-hawkish market expectations of Fed tightening, it is hard to foresee USD strength persisting beyond the near term," said analysts at Barclays.

The dollar index, which measures the greenback against six peers, was steady at 98.270.

The yen was also at a four-year low against the rampant Australian dollar, which has benefited from rising commodity prices.

Versus the U.S. dollar, the Aussie was at $0.7414 after gaining 1.7% last week. Barclays analysts said they anticipated further gains as the Fed's hiking cycle is now priced in, and because of the ongoing recovery in global risk sentiment, which would typically support risk friendly currencies.

The New Zealand dollar was at $0.6909, gearing up to challenge slot terbaru the near four-month high of $0.6926 hit earlier this month.

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