US consumer prices rose more than expected in September, and underlying inflationary pressures continued to rise. Investors are therefore betting that the US Federal Reserve will raise interest rates for the fourth time by 75 basis points next November, even though current inflation control measures have yet to have any real effect. Expect. effective.
Mazen Issa, senior currency strategist at TD Securities, said the dollar will likely continue to appreciate until inflation is brought under control and the Federal Reserve shifts to a "more hawkish" stance.
Meanwhile, Sterling fell 0.61% to $1.1249 after newly released data showed the UK's annual consumer price inflation rate rose slightly to 10.1% in September, stronger than expected. It became. In July, it returned to a 40-year high. "The outlook for the UK economy remains modest," said Matthew Ryan, head of market strategy at global financial services company Evely. Ambiguity due to rising credit costs and rising consumer prices.
Mazen Issa, senior currency strategist at TD Securities, said the dollar will likely continue to appreciate until inflation is brought under control and the Federal Reserve shifts to a "more hawkish" stance.
Meanwhile, Sterling fell 0.61% to $1.1249 after newly released data showed the UK's annual consumer price inflation rate rose slightly to 10.1% in September, stronger than expected. It became. In July, it returned to a 40-year high. "The outlook for the UK economy remains modest," said Matthew Ryan, head of market strategy at global financial services company Evely. Ambiguity due to rising credit costs and rising consumer prices.
🟢TP: 0.6320
🔴SL: 0.6270