Dollar Edges Lower From 6‑Week Peak, Eyes on Fed

Dollar Edges Lower From 6‑Week Peak, Eyes on Fed

THE SIGNAL

LONDON—The dollar edged lower on Monday but remained close to Friday’s six-week high, as a recent flurry of positive economic data reinforced market expectations of tighter monetary policy from the Federal Reserve.
The U.S. dollar index, which measures it against six other major currencies, slipped 0.14 percent to 103.83, though is up almost 1.8 percent for the month, keeping it on track for its first monthly gain since last September. It hit a six-week high of 104.67 on Friday.
Liquidity is expected to be thin on Mon …

Leave a Reply

Your email address will not be published. Required fields are marked *