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US dollar cautiously firm ahead of busy central bank week
The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve's, with traders keenly focused on guidance for the path of interest rate rises. The U.S. dollar index, which measures the greenback against a basket of currencies, rose 0.03 per cent to 101.92, edging away from last week's eight-month low of 101.50. However, it remained on track for a fourth straight monthly loss of 1.5 per cent, pressured downward by expectations that the Fed was nearing the end of its rate-hike cycle and that interest rates would not have to ... (full story)
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- Posted: Jan 29, 2023 10:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,098
