Dollar takes breather after rally; focus on Trump tax plan, Fed outlook

The dollar inched higher against a basket of major currencies on Friday, having pulled back from one-month highs set this week as investors pondered the Trump administration’s tax plan and the outlook for Federal Reserve policy. The dollar index, which tracks the greenback against a basket of six major...


Dollar steady near one-month high, supported by U.S. fiscal hopes

The dollar traded near a one-month high against a basket of currencies on Thursday, underpinned by hopes that U.S. President Donald Trump’s administration may be making progress on fiscal reforms. The dollar’s index against a basket of six major currencies last traded at 93.414. The dollar index reached a...


Dollar rises to two-month high vs. yen on heightened Fed hike expectations

The dollar rose to a two-month high against the yen and extended its gains against the euro on Thursday after a hawkish-sounding Federal Reserve heightened expectations for an interest rate hike in December. After concluding a closely watched two-day policy meeting on Wednesday, the Fed left interest rates unchanged...


Dollar stabilises after selloff; focus on North Korea, Hurricane Irma

The dollar caught its breath in early Asian trading on Monday, pulling away from last week’s lows against its major rivals after the weekend passed without any missile launches by North Korea. Instead North Korea observed the 69th anniversary of its founding on Saturday with a celebration honoring the...