(Bloomberg) -- The dollar rose to a three-month high
versus the yen as traders reduced bets the U.S. Federal Reserve
will cut interest rates this year.
The U.S. currency also extended gains versus the euro, after
rallying against its European counterpart for three consecutive
weeks. The euro slid against 14 of 16 of the most-traded
currencies tracked by Bloomberg on speculation recent gains in the
single currency already reflect the interest-rate outlook for the
European Central Bank.
Read more at Bloomberg Currencies News
versus the yen as traders reduced bets the U.S. Federal Reserve
will cut interest rates this year.
The U.S. currency also extended gains versus the euro, after
rallying against its European counterpart for three consecutive
weeks. The euro slid against 14 of 16 of the most-traded
currencies tracked by Bloomberg on speculation recent gains in the
single currency already reflect the interest-rate outlook for the
European Central Bank.
Read more at Bloomberg Currencies News
No comments:
Post a Comment