The dollar rose. There is a movement in the market to confirm the monetary policy direction of the Federal Reserve Board (Fed) and the policies of President-elect Donald Trump. The dollar index against major currencies rose 0.52% to 106.65 in late trade. The dollar/yen exchange rate rose 0.43% to 155.31 yen. The euro/dollar exchange rate … Read more
The dollar index rose against major currencies. The index is expected to rise for the fourth week in a row as expectations for the rate and pace of Federal Reserve interest rate cuts ease following a series of positive data releases this week. . Market participants are now focused on the US October earnings report … Read more
The dollar rose to its highest level in two and a half months. This reflects expectations that the Federal Reserve will reduce the pace of interest rate cuts, as well as investors changing their positions in anticipation of the US presidential election. The dollar index against major currencies rose 0.12% to 104.08. At one point, … Read more