Category: 7Week
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Dollar eases from 7-week highs as traders weigh Fed rate path By Reuters
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Written by Ankur Banerjee and Medha Singh SINGAPORE/LONDON (Reuters) – The dollar fell from a nearly seven-week high against major currencies on Tuesday after investors weighed expectations of a U.S. interest rate cut, even as geopolitical tensions in the Middle East continued to support the currency’s safe-haven appeal. The euro…
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Dollar close to 7-week high after strongest week since 2022 By Reuters
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Written by Stefano Ribaudo (Reuters) – The US dollar fell slightly from its highest level in seven weeks on Monday after a rally sparked by strong US jobs data released on Friday and escalating conflict in the Middle East. The dollar’s gains came on the heels of a US jobs…