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The dollar is recovering under the expectations of an interest rate hike
The US dollar rose against a basket of major currencies after paying the worst weekly losses in the year sellers to profit-taking and investors to turn their attention to the latest meeting of the minutes of the Federal Reserve, which will be issued today.
The dollar index, which tracks the value of the currency against a basket of six major currencies competition, 0.41 percent to 97.379 after Hui in the previous session to its lowest level in more than six months.
Traders waited minutes probe Reserve meeting, which will be published at 1800 GMT Wednesday for guidance on whether the US central bank will raise interest rates at its meeting in June.
The euro fell 0.50 percent against the US currency to $ 1.1180 in late trading in the US market after it had jumped earlier in the session to $ 1.1267, its highest level since the ninth of November.
Against the Japanese currency the dollar rose 0.48 percent to 111.81 yen.
The pound fell against the dollar as investors await further developments in the general elections that were suspended after a suicide bombing rocked Manchester City campaign.
The British currency reached in late trading to $ 1.2965 low 0.27 percent after it was recorded last week, the highest level since the twenty-ninth of September.
http://economy-news.net/content.php?id=7605
The US dollar rose against a basket of major currencies after paying the worst weekly losses in the year sellers to profit-taking and investors to turn their attention to the latest meeting of the minutes of the Federal Reserve, which will be issued today.
The dollar index, which tracks the value of the currency against a basket of six major currencies competition, 0.41 percent to 97.379 after Hui in the previous session to its lowest level in more than six months.
Traders waited minutes probe Reserve meeting, which will be published at 1800 GMT Wednesday for guidance on whether the US central bank will raise interest rates at its meeting in June.
The euro fell 0.50 percent against the US currency to $ 1.1180 in late trading in the US market after it had jumped earlier in the session to $ 1.1267, its highest level since the ninth of November.
Against the Japanese currency the dollar rose 0.48 percent to 111.81 yen.
The pound fell against the dollar as investors await further developments in the general elections that were suspended after a suicide bombing rocked Manchester City campaign.
The British currency reached in late trading to $ 1.2965 low 0.27 percent after it was recorded last week, the highest level since the twenty-ninth of September.
http://economy-news.net/content.php?id=7605
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