SINGAPORE : The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve's, with traders keenly focused on guidance for the path of interest rate rises.The U.S. dollar index, which measures the greenback again
SINGAPORE : The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve's, with traders keenly focused on guidance for the path of interest rate rises.
"We will range trade a little bit as the market tries to assess how the central banks behave .... I think, for all three it's going to be more about what they say than what they do," said Rodrigo Catril, a currency strategist at National Australia Bank . The single currency has got support from continued hawkish rhetoric by ECB policymakers and ebbing fears of a deep recession in the euro zone.
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