The U.S. dollar hovered near its strongest level since early April against the euro on Monday, as financial markets looked ahead to the Federal ...
The U.S. dollar hovered near its strongest level since early April against the euro on Monday, as financial markets looked ahead to the Federal Open Market Committee meeting this week for clues on the timing of stimulus tapering.
Commonwealth Bank of Australia projects the dollar can continue to strengthen this week on the possibility of the Fed moving a step closer to tapering at the conclusion of its two-day policy meeting on Wednesday. The dollar index eked out a 0.2per cent gain last week, benefiting from a safe-haven bid on fears a surge in infections of the fast-spreading Delta variant could derail the global recovery, but paring those gains as strong U.S. earnings lifted stocks.
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