Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic
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TOKYO, July 14 (Reuters) – The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears of a recession.
The greenback charted new 24-year highs above 128 yen and edged back toward parity with the euro, after briefly breaching the level overnight.
The Australian dollar also marched higher after strong jobs data spurred speculation for a big Reserve Bank rate hike. read more
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Singapore’s dollar and the Philippine peso surged against their U.S. peer after their respective monetary authorities surprised by tightening policy in off-cycle moves. read more
The U.S. dollar was 0.6% higher at 138.235 yen after reaching…
