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Global Markets: Dollar dumped, bonds buoyant on Fed inflation caution
The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought. Moves in Asian share markets were minor with Japanese markets closed for a holiday and the United States off for Thanksgiving. The dollar's rout came after minutes of the Fed's last meeting showed "many participants" were concerned inflation would stay below the bank's 2 percent target for longer than expected.
https://finance.yahoo.com/news/dollar-dumped-bonds-boosted-fed-005351657.html?.tsrc=rss
The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought. Moves in Asian share markets were minor with Japanese markets closed for a holiday and the United States off for Thanksgiving. The dollar's rout came after minutes of the Fed's last meeting showed "many participants" were concerned inflation would stay below the bank's 2 percent target for longer than expected.
https://finance.yahoo.com/news/dollar-dumped-bonds-boosted-fed-005351657.html?.tsrc=rss
