Dollar remains stable before quiet inflation period

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/05/inflation-us-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/05/inflation-us-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/05/inflation-us-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/05/inflation-us-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/05/inflation-us-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/05/inflation-us-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/05/inflation-us-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/05/inflation-us.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>The Australian and New Zealand dollars each fell 0.6%, with the latter sinking to its lowest level in a year of $0.5815; however, this dip is not unexpected as these currencies are prone to global pendulum swings. Sterling, also subject to peaks and troughs, was down 0.2% at $1.2118, while the euro remained steady at $1.05374.</p>
<p><a href="https://www.leaprate.com/forex/market-news/rare-metals-await-judgement-from-us-federal-reserve/" target="_blank" rel="noopener">US economic activity</a> also showed consistency since the beginning of September, with the loosening of the labour market helping prices to rise at a modest, more manageable pace. Experts from Barclays Bank noted the potential for another interest rate increase to close what has been a decidedly sharp year. Experts stated:</p>
<blockquote><p>We continue to think, however, [that] there is a strong case for at least another rate hike, assuming that longer-term yields do not continue to rise sharply.</p></blockquote>
<p>Powell is due to discuss the US’s economic outlook at the Economic Club of New York before the traditionally quiet period ahead of the rate-setting Federal Open Market Committee’s meeting on 1^st November.</p>
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<p>During the July meeting, the Federal Reserve increased rates by 25 basis points to where they stand today; this was the eleventh hike in this cycle, after a brief pause in June, which intended to slow down the growing speed of inflation.</p>
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