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US dollar slips after earlier rally; China GDP beats estimates
The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while China's economic recovery gathered pace in the first quarter. The dollar index, which measures the currency against six major rivals, fell 0.108 per cent at 101.99, after rising 0.5 per cent overnight. The index is down 0.5 per cent for the month. China's gross domestic product (GDP) grew 4.5 per cent year-on-year in the first three months of the year, data showed on Tuesday, beating analyst forecasts for a 4 per cent expansion as the end of ... (full story)
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- Posted: Apr 18, 2023 12:58am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,240
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