Dollar near one-year high ahead of Fed meeting minutes [Reuters]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
Rise in U.S. yields keeps pressure on yen LONDON, Oct 13 (Reuters) - The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022. Three Fed policymakers said on Tuesday that the U.S. economy has healed enough to begin to scale back the central bank's asset-purchase programme, including Vice Chair Richard Clarida. read more Money markets now price about a 50-50 chance of a rate increase by July. The dollar index , which measures the greenback against six rivals, eased slightly to 94.356 from Tuesday, when it touched 94.563 for the first time since late September 2020. A surge in energy prices has fuelled inflation concerns and stoked bets that the Fed may need to move faster to normalise policy than officials had projected, sending two-year Treasury yields to their highest in more than 18 months overnight. Higher
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