Euro gains nearly 0.7% to $1.1683 U.S. dollar index falls to 93.3320 Sterling gains 0.4% to $1.3793 BoJ gives another dovish outlook on inflation Reserve Bank of Australia fuels rate-hike wagers (Revises throughout, updates prices, market activity, adds comment.
Euro hits 5-month low vs dollar ADP data shows increased hiring for February Graphic: World FX rates tmsnrt.rs/2RBWI5E (Adds new comment, U.S. data, updates prices, changes byline, dateline; previous LONDON)
NEW YORK, March 31 (Reuters) - The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet that fiscal stimulus and aggressive vaccinations will help the United States lead a global pandemic recovery.
The dollar index, a gauge of its value against six major currencies, however fell 0.2% to 93.075. But it was on track to post its best quarter since June 2018 with gains of 3.4%.
0 Min Read Fed says to keep rates low through all of 2023 Eurodollar futures pare back bets on rate hikes in 2022, 2023 Graphic: World FX rates tmsnrt.rs/2RBWI5E (New throughout, adds Fed statement, new comment) By Gertrude Chavez-Dreyfuss NEW YORK, March 17 (Reuters) - The U.S. dollar fell on Wednesday, after the Federal Reserve said it does
not expect to raise interest rates through all of 2023, contrary to market expectations. The dollar index dropped 0.5% to 91.44 after the Fed comments. The greenback had reversed its slide in recent sessions on a surge in U.S. Treasury yields due in part
to growing expectations that the Fed may tighten rates earlier than thought on forecasts of a