The dollar hit a seven-week high on Wednesday on hopes the U.S. Federal Reserve would lift rates this month, after hawkish comments from two of its top officials overshadowed U.S. President Donald Trump's first major policy speech to Congress.
MANILA — An increased likelihood that US monetary authorities will hike interest rates this month weakened the peso on Wednesday, shedding seven centavos to close at a fresh over 10-year low of 50.28:$1.
The London market added to early gains in lunchtime trading, which some traders attributed to Donald Trump's speech to Congress overnight.
Next trading day's important events
- USDJPY: 113.93
- EURUSD: 1.0525
- S&P 500: 2363.64
- NASDAQ: 5825.44