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US Dollar set for second week of gains as focus turns to Fed
The dollar was set to end the week with small gains after a turbulent few days when currencies were buffeted by shifting risk appetite, with the market’s focus now on next week’s U.S. Federal Reserve meeting. The dollar index was up 0.2% for the week, rising slightly on Friday to stand at 92.891.But that was off a 3-1/2-month high of 93.194 hit on Wednesday, after strong Wall Street earnings helped investors regain some of the confidence lost to earlier worries the Delta variant of the coronavirus could derail the global economic recovery. “The heavily European-weighted dollar index remains pretty close to its ... (full story)
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