PT Solid Gold Berjangka | Dollar Eyes Weekly Gain as US Economy Stays Robust
Solid Gold Berjangka | The provided information is a summary of financial news related to currency markets and economic indicators as of the time the article was written. Here are the key points:
- The U.S. dollar was on track for a weekly gain, supported by strong U.S. economic growth figures. These figures reinforced the possibility of higher interest rates in the future.
- The U.S. economy experienced its fastest growth in almost two years in the third quarter, driven by increased wages and robust consumer spending.
- The U.S. dollar index stabilized around 106.57 after reaching a three-week high of 106.89 in the previous session, with a weekly gain of approximately 0.4%.
- The British pound (sterling) slightly increased by 0.07% to $1.21355, but it was still close to a three-week low of $1.2070 from the previous day.
- The euro saw a minor decline of 0.02% to $1.0560 and was on track for a weekly loss of about 0.3%.
- The European Central Bank (ECB) left interest rates unchanged, ending a streak of 10 consecutive rate hikes.
- The Australian dollar, often considered a proxy for risk sentiment, gained 0.24% to reach $0.6337. However, it had previously hit a one-year low of $0.6271.
- In Asia, the Japanese yen was a focus of attention, as it traded weaker than 150 yen per U.S. dollar. This level is seen as a potential trigger for intervention by Japanese authorities. The yen was last quoted at 150.38 per dollar, near its one-year low of 150.78 from the previous session.
These developments reflect the interplay of various economic and market factors, including U.S. economic performance, central bank policies (such as the ECB’s decision to keep interest rates unchanged), and currency values. Please note that the information is time-sensitive and market conditions may have evolved since then.