Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
· economictimes.indiatimes.com
On Monday, the dollar maintained its strength close to a two-week peak, fueled by expectations of a rate hike in September following assertive comments from the Fed. Meanwhile, the yen fell past the crucial 160-per-dollar threshold, raising concerns about possible intervention. As investors await key U.S. economic reports and discussions from the G20 meeting, rising oil prices further bolstered demand for the dollar.
Live Events
YEN WEAKNESS, G20 MEETING IN FOCUS
as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now!
(You can now subscri...