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Dollar Holds Steady as Monetary Policy Outlook Remains Uncertain

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[ad_1] Last Updated: May 11, 2023, 03:32 IST The dollar index in afternoon trading was at 101.48, up 0.1% after hitting a low of 101.21 earlier. (Image: File Photo) A U.S. Labor Department report on Wednesday showed the annual increase in consumer prices dipped below 5% in April for the first time in two years … Read more

Dollar Reacts to Political Impasse and Tightening Credit Conditions

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[ad_1] The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency against six rivals, pared gains that … Read more