Dollar Firms After Fed; Jobless Claims, BoE Meeting – What’s Moving Markets By Investing.com – Investing.com
- Date: 04-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Dollar Firms After Fed; Jobless Claims, BoE Meeting – What’s Moving Markets By Investing.com – Investing.com
By Geoffrey Smith
Investing.com -- The dollar hits its highest level of the week, as the market reassesses the relative outlook for global interest rates. Weekly jobless claims and import data will provide the first test of the tapering timeline outlined on Wednesday. The Bank of England and the Czech National Bank are both expected to raise interest rates later, albeit the former's decision is on a knife-edge. Stocks are drifting, but Qualcomm (NASDAQ:), Toyota and Booking (NASDAQ:) are all looking strong after impressive results. And OPEC meets with Russia and others but isn't expected to cut oil importers much slack with their December output quotas. Here's what you need to know in financial markets on Thursday, 4th November.
1. Dollar reverses losses after Fed’s dovish tapering message
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