A fragile U.S. dollar Friday was on track to snap a two-week winning streak on tempered expectations for higher American interest rates and economy-boosting stimulus from Washington. The dollar slipped to one-week lows on a trade-weighted basis and to its weakest in two against the U.K. pound. While this week’s release of the intimate details of the last Federal Reserve meeting hinted at a rate hike ‘fairly soon,’ the mixed tone of the minutes seemed more consistent with a rate hike over the first half of the year rather than the first quarter. A contributing factor to the dollar’s clammy handRead the full report
Resources are provided for general informational purposes only and do not take into account your particular needs or circumstances. The resources provided here should not be construed as providing advice or recommendations of any kind.