The dollar was on the defensive on Tuesday, weighed by growing expectations the ...
TOKYO - The dollar was on the defensive on Tuesday, weighed by growing expectations the Federal Reserve would adopt a more accommodative policy outlook this week and concerns about slower U.S. economic growth.
The index has lost 1.3 percent after hitting a three-month high of 97.710 on March 7, on views the Fed will strike a dovish tone at its two-day policy meeting due to start later on Tuesday. “The focus is on the extent to which the Fed is able to take that into account without shocking the market,” she added.
“If the Fed really shows a gloomy outlook for growth and rates, then it’s also a negative for U.S. equities. Then that will be a negative for the dollar,” Yamamoto said.As the dollar took a breather, other major currencies advanced by default. The yen rose 0.2 percent to 111.20 yen per dollar, extending its gains to a third session.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar licks wounds after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Read more »
Dollar licks wounds after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Read more »
Dollar on back foot after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Read more »
Gold gains for second day as dollar dips ahead of Fed meetGold prices rose for a second straight session on Monday, as the dollar slipped ...
Read more »
Dollar weaker on dovish Fed bets, sterling seesawsThe dollar was under pressure on Tuesday, weighed by growing expectations the Fe...
Read more »
Dollar weaker on dovish Fed bets, sterling seesawsThe dollar was under pressure on Tuesday, weighed by growing expectations the Fe...
Read more »
Dollar General will open 975 stores this yearDollar General says it will open 975 new stores in the US this year and remodel 1,000 older stores
Read more »
On ’60 Minutes,’ Fed chief Powell aims for middle groundFederal Reserve Chairman Jerome Powell, in an interview with '60 Minutes,' characterized the economic outlook as favorable and dismissed the notion that President Trump could fire him for raising rates
Read more »
Why the dollar could keep rising this year even if the Fed doesn't hike — further vexing TrumpThe U.S. dollar could build on its strong gains this year, even with the Federal Reserve not raising rates, as the United States' economic prospects near term look far less grim than those of other countries.
Read more »
Fed sanctions former Goldman Sachs bankers over 1MDB money-laundering scandalThe U.S. Federal Reserve said on Tuesday it had sanctioned two former Goldman Sa...
Read more »