-
Fed-driven dollar rally fades, focus shifts to ECB meeting
The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signalling two more rate hikes by year-end thanks to a solid outlook for the world's biggest economy. The greenback's bounce faded as traders booked profits before the European Central Bank's meeting later Thursday, where policy makers are seen discussing the timing of winding down the ECB's 2.55-trillion-euro bond-purchase program. The dollar last traded at 110.20 yen, down slightly on the day, having lost steam after hitting a three-week peak of ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 14, 2018 4:30am Jun 14, 2018 4:30am
- theoedet
- | Joined Feb 2009 | Status: Member | 8 Comments
- Comment #2
- Quote
- Jun 14, 2018 5:54am Jun 14, 2018 5:54am
- AnniLi
- | Commercial Member | Joined Jan 2015 | 2212 Comments
- Comment #3
- Quote
- Jun 14, 2018 6:43am Jun 14, 2018 6:43am
- Hareii
- Joined Jun 2011 | Status: Member | 840 Comments
- Comment #4
- Quote
- Jun 15, 2018 3:03am Jun 15, 2018 3:03am
- Guest
- | IP XX.XX.125.41