{"id":88519,"date":"2016-04-22T07:10:17","date_gmt":"2016-04-22T11:10:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=88519"},"modified":"2016-04-22T07:10:17","modified_gmt":"2016-04-22T11:10:17","slug":"dollar-up-after-us-data-contribute-to-fed-rate-hike-expectations","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/04\/dollar-up-after-us-data-contribute-to-fed-rate-hike-expectations\/","title":{"rendered":"Dollar up after US data contribute to Fed rate hike expectations"},"content":{"rendered":"<div id=\"inves-4137880447\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 22, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The dollar turned higher against other currencies, after solid U.S. economic data sparked concerns that the Federal Reserve may raise interest rates in coming months.<\/p>\n<p>The number of U.S. workers who applied for new unemployment benefits declined last week to the lowest level in 43 years, data from the Labor Department showed Thursday. Some traders believe the numbers are strong enough to warrant a rate increase from the Fed by June, a possibility that was considered less likely in recent weeks.<\/p>\n<p>Expectations of higher rates tend to boost the dollar, as they make the currency more attractive to yield-seeking investors.<\/p>\n<p>\u201cU.S. data has actually been pretty good, and there is very little chance of a June move by the Fed priced in,\u201d said Peter Gorra, head of FX trading at BNP Paribas in New York.\u201d<\/p>\n<p>The dollar move began around 9:30 a.m. ET, an hour after the jobless- claims data was released, toward the end of a news conference by European Central Bank President Mario Draghi.<\/p><div id=\"inves-3946096264\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The ECB decided to leave the central bank\u2019s key interest rates and other stimulus programs unaltered, but said it stands ready to use \u201call instruments available,\u201d including further cuts in all its interest rates to ensure the inflation rate returns to its target.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The dollar turned higher against other currencies, after solid U.S. economic data sparked concerns that the Federal Reserve may raise interest rates in coming months. The number of U.S. workers who applied for new unemployment benefits declined last week to the lowest level in 43 years, data from the Labor Department showed [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-88519","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=88519"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88519\/revisions"}],"predecessor-version":[{"id":88532,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88519\/revisions\/88532"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=88519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=88519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=88519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}