FOREX-Dollar at one-month trough as traders see global rates rising - NewsBreak

Home > Business
By Hardik in Business
Updated 2 years ago

* Dollar index touches one-month low of 93.483 * Sterling, Aussie, kiwi rise modestly but hold below peaks * Inflation and GDP data and cenbank meetings eyed this week By Tom Westbrook SINGAPORE, Oct 25 (Reuters) - The dollar slipped on Monday, as traders weighed the prospect of inflation hastening the pace of rate hikes outside the United States, with a wary eye on commodity prices, U.S. growth data and central bank meetings ahead in Europe, Japan and Canada. The dip pulled the dollar index to a one-month low and extends softness after Federal Reserve Chair Jerome Powell said on Friday it not yet time to begin raising interest rates. The greenback fell about 0.2% against the Australian and New Zealand dollars and about 0.1% to $1.1659 per euro. The dollar index edged down as far as 0.2% to 93.483. The yen, which leapt on Friday, eased slightly to 113.63 per dollar. Powell's remarks came as investors have priced in Fed rate hikes starting in the second half of next year and yet have be

forex-dollar-at-one-month-trough-as-traders-see-global-rates-rising-newsbreak