Dollar wallows near year-low as traders seek clues on Fed cuts

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:The dollar held near its lowest in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focussed on clues to the size of a widely expected U.S. interest rate cut next month. Cryptocurrency bitcoin took the spotlight in Asia, dropping over 4 per cent after breaking below support around $60,000. The Australian dollar rose to an eight-month high after data showed domestic inflation slowed to a four-month low in July, but the general

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Dollar wallows near year-low as traders seek clues on Fed cuts https://www.channelnewsasia.com/ - 28.08.2024 09:31

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Dollar wallows near year-low as traders seek clues on Fed cuts https://www.channelnewsasia.com/ - 28.08.2024 09:31