Why the dollar could keep rising this year even if the Fed doesn’t hike — further vexing Trump

“The dollar has stayed bid on the back of safe-haven demand,” said Peter Ng, senior FX trader at Silicon Valley Bank. “The global slowdown is affecting everyone and at the current moment, it doesn’t seem like there are any good replacements for the dollar.” Investors across the globe and asset classes are fretting over the possibility of a slowdown in economic growth amid weakening data. In the U.S., jobs creation came to an almost screeching halt in February as only 20,000 jobs were added. In E


“The dollar has stayed bid on the back of safe-haven demand,” said Peter Ng, senior FX trader at Silicon Valley Bank. “The global slowdown is affecting everyone and at the current moment, it doesn’t seem like there are any good replacements for the dollar.” Investors across the globe and asset classes are fretting over the possibility of a slowdown in economic growth amid weakening data. In the U.S., jobs creation came to an almost screeching halt in February as only 20,000 jobs were added. In E
Why the dollar could keep rising this year even if the Fed doesn’t hike — further vexing Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: fred imbert, getty images, chris goodney, bloomberg, mark wilson
Keywords: news, cnbc, companies, vexing, slowdown, bank, doesnt, 11, dollar, growth, rising, added, economic, current, trump, hike, fed, 2019, jobs


Why the dollar could keep rising this year even if the Fed doesn't hike — further vexing Trump

Westpac sees the US dollar ’tilting higher’ in 2H of 2019 4:21 AM ET Mon, 11 March 2019 | 03:20

The dollar’s rise defies the consensus from earlier in the year that the U.S. currency would go down as the Federal Reserve signaled fewer rate hikes. New tame inflation data on Tuesday supported the Fed’s new tack.

“The dollar has stayed bid on the back of safe-haven demand,” said Peter Ng, senior FX trader at Silicon Valley Bank. “The global slowdown is affecting everyone and at the current moment, it doesn’t seem like there are any good replacements for the dollar.”

Investors across the globe and asset classes are fretting over the possibility of a slowdown in economic growth amid weakening data.

Chinese exports dropped 20.7 percent in February from the year-earlier period, missing expectations.

In the U.S., jobs creation came to an almost screeching halt in February as only 20,000 jobs were added. Economists polled by Refinitv expected the U.S. economy to have added 180,000 jobs last month. Some experts, however, attributed some of the hiring weakness to factors like weather and lingering effects from the government shutdown.

In Europe, the European Central Bank slashed its euro zone growth forecast for 2019 to 1.1 percent from 1.7 percent. ECB President Mario Draghi said Thursday there is a “sizable moderation in economic expansion that will extend into the current year.”


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: fred imbert, getty images, chris goodney, bloomberg, mark wilson
Keywords: news, cnbc, companies, vexing, slowdown, bank, doesnt, 11, dollar, growth, rising, added, economic, current, trump, hike, fed, 2019, jobs


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