Dollar rises on upbeat U S data streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The US dollar edged lower on Friday for a second straight weekly decline as traders pared expectations for US Federal Reserve interest rate hikes, and as improving inflation and consumer spending data eased recession fears.
The US dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as 101.43, its weakest since April 25. On a weekly basis, it was down 1.24 percent, following a 1.45 percent decline the previous week.
“We continue to think that the best of the broader USD rally is behind us now and while the USD may not
Dollar heads for weekly drop as traders pare Fed rate hike views streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.