Dol­lar Drifts Lower as In­vestors Await US In­fla­tion Data

The Economic Times - - Finance & Commodities -

The dol­lar inched down slightly in Asian trad­ing, but main­tained most of the gains it made on last week’s ro­bust em­ploy­ment data that kept hope alive that the US Fed could still in­crease in­ter­est rates this year. The dol­lar in­dex, which tracks the green­back against a bas­ket of six ma­jor ri­vals, was down 0.1% at 93.325. It held above last week’s 15-month low of 92.548, though it re­mained shy of Fri­day’s post-jobs data high of 93.774 as in­vestors pon­dered the tim­ing of the US cen­tral bank’s next tight­en­ing steps. — Reuters

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.