Dollar regains footing as Fed’s outlook weighed FMTNews FMTBusiness
Following a 0.36% drop on Tuesday, the dollar index ticked up 0.11% to 101.83 in Asian trading.
The dollar index – which gauges the greenback against six major peers – ticked up 0.11% to 101.83 in Asian trading, following a 0.36% slide on Tuesday that reversed the 0.54% rally of the session before. On Friday, the index had dipped to a one-year low at 100.78. St Louis Fed chief James Bullard told Reuters in an interview that he leans toward 75 bps of additional tightening, versus market consensus for one more 25 bp hike next month and then the potential for cuts later this year.
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