The Dollar firmed against its peers and traded near a six-month high against the yen on Thursday as the U.S. Labor Department’s expectation-beating inflation report boosted confidence in the world’s top economy.<\/p>\n
The latest U.S. economic data reaffirmed expectations that the Federal Reserve will hike interest rates two more times this year.<\/p>\n
The\u00a0<\/span>U.S. Dollar Index<\/a><\/span>, which tracks the greenback against a basket of currencies, was up 0.04% at 94.76 by 12:11AM ET (04:11 GMT).<\/p>\n Meanwhile, the\u00a0<\/span>USD\/CNY<\/a><\/span>\u00a0<\/span>pair rose 0.15% to 6.6911 on Thursday. The Chinese yuan sank as much as 1.1% overnight and saw its biggest loss since January 2016 amid escalating trade concerns between the U.S. and China.<\/p>\n","protected":false},"excerpt":{"rendered":" The Dollar firmed against its peers and traded near a six-month high against the yen on Thursday as the U.S. Labor Department’s expectation-beating inflation report boosted confidence in the world’s top economy. The latest U.S. economic data reaffirmed expectations that the Federal Reserve will hike interest rates two more times Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-851","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=851"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/851\/revisions"}],"predecessor-version":[{"id":852,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/851\/revisions\/852"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}