Dollar edges lower; on track for second straight monthly loss
to raise rates by another 25 basis points at next week's Federal Open Market Committee meeting, though the focus will be on the guidance for the future rate path.
The U.S. dollar rose broadly against most major currencies in Asia trade, with the euro and sterling slipping 0.07% to $1.0981 and 0.06% to $1.2437, respectively.The U.S. dollar index rose 0.13% to 101.81, but was on course for a monthly loss of more than 0.7%, having fallen over 2% in March.that U.S. and euro zone business activity gathered pace in April, reducing concerns about an impending recession in major economies.
"There's nothing, as yet, to hang your hat on rate cuts in the second half of the year," he added, noting inflation-related indicators would need to show more evidence of price pressures subsiding.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar edges lower; on track for second straight monthly lossThe dollar began the last trading week of the month on the back foot, with traders awaiting a slew of central bank meetings in May for clues on when the steepest global monetary policy tightening campaign in years might come to a halt.
Read more »
Do Kwon Challenges SEC's Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case – Bitcoin NewsDo Kwon's lawyers argue U.S. law precludes regulators 'from using federal securities law to assert jurisdiction over the digital assets in this case.'Terra SEC UST LUNA
Read more »
Dollar plunges 7.4% in past six months — what it meansThe U.S. dollar has been in quick decline over the past several months, one of several indicators raising fears that the economy could be headed for a recession.
Read more »
US Dollar bulls holding at key support, Fed sentiment is cautiousThe US Dollar is a touch softer against most major currencies in early Asia trade. DXY, which measures the US Dollar vs. a basket of currencies is tra
Read more »
Dollar bonds of India's Adani Ports rise as company starts debt buybackThe U.S. dollar-denominated bonds issued by India's Adani Ports and Special Economic Zone rose on Monday, after the company commenced a cash tender offer for a buyback of securities.
Read more »
Financial Analyst Charles Nenner Warns About the End of the US Dollar and Its Consequences – Economics Bitcoin NewsThe US dollar will be undermined as a reserve currency; this is what Charles Nenner, former Goldman Sachs' head of market timing, has predicted for the future.
Read more »