SINGAPORE : The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes. Data on Friday showed U.S. nonfarm payrolls rose by 223,000 jobs in December, while a 0.3 per cent rise
SINGAPORE : The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes.
That led the dollar index, which measures the U.S. dollar against six major currencies, 1.15 per cent lower on Friday. On Monday, the index, which gained 8 per cent in 2022, was 0.01 per cent higher at 103.720. With the next Fed meeting scheduled at the start of next month, investors will focus on the consumer price index data due on Thursday.
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