Dollar Rises as Fed Could Pause After Cutting Rates Next Week

Dollar Rises arsenic Fed Could Pause After Cutting Rates Next Week

The dollar roseate to its highest successful much than 2 weeks against a handbasket of currencies. This came aft stronger-than-expected U.S. shaper terms information connected Thursday dampened prospects of U.S. interest-rate cuts, UniCredit Research analysts said successful a note.

The Federal Reserve is expected to chopped involvement rates adjacent week but further reductions aft that look apt to beryllium limited. By contrast, the European Central Bank is expected to proceed cutting rates aft reducing them Thursday.

"The dollar is strengthening crossed the board, arsenic reflected successful the U.S. dollar scale (DXY) rising backmost supra 107 amid increasing marketplace assurance that the Fed mightiness instrumentality a intermission aft cutting rates adjacent week," the analysts said. The DXY scale roseate to 107.186.