* Dollar -Index almost flat for the week * Sterling falls, as the borrowing of Britain shoots the predictions of the past * Yen appreciated as Boj agrees to hold, but Hawkishness Growth (Update to US Morning) by SAQib Iqbal Ahmed New York, September 19 (Reuters) -The US dollar rose on Friday. This week, but indicated that further relief would only gradually go. The US dollar currency index, which detects the Greenback at six major peers, rose 0.3% on Friday at 97,588. The meter, which dropped 1% on Monday and Tuesday, according to the expectation that the Federal Reserve may have flaged a fast range of rate cuts, was almost flat for the week. The Federal Reserve delivered an expected rate reduction on Wednesday, but indicated little urgency in the coming months to quickly lower the borrowing costs. The Fed’s rate forecast or the so-called “dot-plot” showed forecasts this year of two more rate reductions. “It’s really a week of two halves,” said Marc Chandler, main market strategist at Bannockburn Forex. “The votes, the real dots, were not as beautiful as the statement and the concerns about the labor market suggested,” Chandler added. Since the dollar came under the sale of pressure in the days before the Fed decision, the US currency may have room to fall back further. “What we say to our clients is that it’s just a counter-trend. If you have to sell dollars, you’ll have a better level soon,” Chandler said. Sterling Slide Sterling fell on Friday after Britain’s loans rose the official predictions in the past, further hampering the country’s fiscal prospects, while the yen revealed the divisions to the Bank of Japan’s decision to hold rates. The pound was one of the worst performers among G10 currencies, which reflects the concerns of investors that British Finance Minister Rachel Reeves may not be able to keep her budget under control. The currency fell 0.5% to $ 1,3492, on its way to its biggest two -day decline since the end of July. “Despite a better lecture from British retail sales data, the British government loan data emphasized the problems that Chancellor Reeves produced in the United States budget in November,” said Jane Foley, chief FX strategist at Rabobank. Data published early Friday showed that British retail sales rose by a stronger than expected 0.5% in August, aided by sunny weather, but sales growth in July was slightly reviewed. The loan figures – the highest for the first five months of a financial year since 2020 – can pave the way for further tax increases. Even before Friday’s data, Reeves expected to announce new tax increases in her November 26 budget to stay on track to meet her fiscal rules and to avoid new revolution in financial markets. BoJ Dissent supports Yen in Asia, the BoJ board -division was a surprise, disturbing stock and mortgage investors and focuses on how soon the BOJ will raise the interest rates. “It was unexpected and indicates that the policy rate hikes might come faster than expected,” said David Chao, the World Market Strategist of Asia-Pacific in Invesco in Singapore. The Central Bank’s next meeting on October 30 will now be a direct meeting, and “the best chance of a tariff increase for the rest of this year”, he added. In a volatile session after the BoJ decision, which maintained the council at 0.5%, the yen initially rose, but later withdrew, which dropped the dollar about 0.1% against the Japanese currency at 147.85 yen. After the decision, BoJ -Governor Kazuo Ueda said at a press conference that the central bank would continue to increase rates if the economic and price forecasts appear to be correct. Meanwhile, on October 4, the ruling Liberal Democratic Party of Japan (LDP) will hold a leadership match to replace outgoing prime minister Shigeru Ishiba, with markets uncertain whether the outcome could affect BoJ’s policy path. The New Zealand dollar expanded its slump from the previous session and dropped 0.4%, a day after a strikingly poor lecture on the economy yielded yields sharply lower, while the markets traced to larger rate cuts. Cryptocurrency Bitcoin was 1.4% lower at $ 115,944. (Reporting by Sqib Iqbal Ahmed; Additional Reporting by Gregor Stuart Hunter and Sara Rossi editing by Shri Navaratnam, Jacqueline Wong, Amanda Cooper, Kim Coghill, Gareth Jones and Andrew Heavens)
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