Home Economy The dollar hit a three-month high against the euro in a bet...

The dollar hit a three-month high against the euro in a bet to speed up the Fed’s tightening.Kiwi soars


File Photo: In this figure, taken on May 26, 2020, Euro banknotes are placed on US dollar banknotes. REUTERS / Dado Ruvic / Illustration

July 14, 2021

Kevin Buckland

Tokyo (Reuters) -The US dollar has spurred a faster monetary tightening bet than the Federal Reserve Board has shown, three months against the euro and one week against the yen on Wednesday. I put a high price.

The New Zealand dollar rose 0.8% to US $ 70.07 after the Reserve Bank of New Zealand announced on Wednesday that it would cancel its major asset purchase program. On Tuesday, Kiwi sank to 69.18 cents for the first time since November.

The greenback rose to $ 1.17720 per euro, the highest since April 5th for the second straight day, and finally remained unchanged at $ 1.17780 from Tuesday.

It rose to 110.70 yen for the first time since July 7, and the last transaction was almost flat at 110.51.

National Australia Bank analyst Tapas Strickland said, “Is the hotter than expected US…

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