Dollar edges up as stocks rally, inflation data eyed

* Euro, dollar little changed to kick off trading week

* Sterling rises ahead of Johnson leadership vote

* ECB statement, U.S. inflation data due later in the week

By Chuck Mikolajczak

NEW YORK, June 6 (Reuters) - The dollar advanced modestly on Monday as a boost in risk appetite sent U.S. equities higher and kept gains on the safe haven in check ahead of a key reading on inflation later in the week.

After touching a near twenty-year high of 105.01 on May 13, the dollar has eased back to around the 102 level, although Friday's strong payrolls report helped the dollar notch its first weekly gain in three.

Ahead of the Federal Reserve's policy announcement on June 15, in which the central bank is widely expected to raise rates by 50 basis points, investors will look to Friday's reading on consumer prices for signs of how long the Fed may continue its rate hike path.

U.S. stocks rallied on Monday, with the S&P 500 .SPX and Nasdaq .IXIC up more than 1% in part due to strong gains in growth stocks.

"For one, risk appetite is setting the market tone ahead of this week’s big events, and the big events on the docket this week are really going to shape expectations for central bank policy through the end of the year," said Joe Manimbo, senior market analyst at Western Union Business Solutions, in Washington DC.

"The market is still scratching its head over September, the market has certainly discounted a rate hike next week and in July too but September - consumer prices this week, certainly the Fed next week and even Jackson Hole if you want to look a couple of months out - those are going to be the key events that give us a clearer picture of whether or not the Fed hits the pause button in September."

The dollar index =USD rose 0.098% at 102.190, with the euro EUR= down 0.12% to $1.0706 ahead of a European Central Bank (ECB) policy meeting later this week.

BofA Securities now expects the ECB to raise interest rates by 150 basis points this year including 50 bps moves in July and September, it said in a note on Monday, along with a more hawkish view of the central bank's rate hike path by Barclays.

The Japanese yen weakened 0.35% versus the greenback at 131.32 per dollar, while Sterling GBP= was last trading at $1.2547, up 0.47% on the day.

Sterling gained ground ahead of a confidence vote on Monday after a growing number of lawmakers in his Conservative Party questioned the British leader's authority over what has been dubbed the "partygate" scandal.

Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank's top priority was to support the economy, stressing an unwavering commitment to maintaining "powerful" monetary stimulus.

The Australian dollar rose 0.08% versus the greenback at $0.721 ahead of a policy meeting by the Reserve Bank of Australia on Tuesday.

World FX rates Link

Reporting by Chuck Mikolajczak
Editing by Nick Zieminski

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。