Stock markets diverged and oil prices fell on Monday as traders tracked weak Chinese economic data and a looming US interest rate hike that could tame inflation but also thwart growth.
The dollar clung on to its recent small gains on Wednesday as traders looked to upcoming U.S. inflation data and a European Central Bank (ECB) meeting to gauge the pace of global recovery and policymakers’ thinking about paring back stimulus. Investors have piled up bets against the dollar, but are growing nervous about whether the .
The dollar hovered at the lower end of recent gains on Wednesday as traders looked to upcoming U.S. inflation data and a European Central Bank (ECB) meeting to gauge the pace of global recovery and policymakers' thinking about paring back stimulus.