Kashkari: rate hikes may be doing harm

Kashkari: rate hikes may be doing harm

The dollar was near one-week lows against the Swiss franc, with at 0.9547. That brought it back close to its August 29 nadir of 108.265 yen, its weakest since mid-April.

The greenback was flat against a basket of other major currencies .DXY , pressured on Tuesday by Fed policymaker Lael Brainard saying inflation was "well short" of target and that the Fed should be cautious about raising US interest rates.

A hydrogen bomb is much more powerful than the simpler types of atomic weapons tested by North Korea five times previously, or the bombs dropped on Japan during World War II.

Concerns about North Korea, which held its biggest-ever nuclear test last Sunday (03/09), remains the main focus of investors.

Japan is also the world's largest net creditor nation, and at times of uncertainty traders assume Japanese repatriation from foreign countries will eclipse foreign investors' selling of Japanese assets. "Both of those, if those really happened, could explain the low wage growth, the low inflation, and the seemingly tight labour market".

"We have been falling short of our inflation objective not just in the past year, but over a longer period as well". According to a Reuters poll published Friday, 24 out of 33 economists said that the Bank of Canada would most likely hike interest rates in October.

Kashkari - the Minneapolis Fed President - is a voting member this year.

6 hikers rescued after 140 trapped by wildfires
The only other way out was longer and more hard , so officials told them to stay in place until Sunday morning. The hikers were advised to spend the night on the trail and mountain rescue teams dropped supplies to them.

Kashkari is a known dove, preferring to see more inflation. "She didn't mince her words", said Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore, referring to Brainard's remarks.

The, which measures the greenback's strength against a trade-weighted basket of six major currencies, was at 92.23 by 03:51 AM ET (07:51 GMT).

The Canadian dollar last traded at C$1.2395 per US dollar, having set a two-year high of C$1.2336 on Tuesday ahead of the Bank of Canada's interest rate decision on Wednesday.

The euro was 0.1 percent weaker on the day at $1.1928, having hit its strongest since January 2015 last week.

Ahead, markets are awaiting clues from European Central Bank President Mario Draghi on the central bank's asset purchase program when the ECB announces its rates decision on Thursday.

The Australian dollar was lower, with sliding 0.19% to 0.7981 after data showing that the country's economy, below forecasts for 0.9%.

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