Tag: 13-month high
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Dollar eases from 13-month high after data burst
NEW YORK, June 25 : The dollar was on track to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation slightly dented expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expen
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Dollar hits 13-month high as rate-hike bets, stock rout boost demand
HONG KONG, June 24 : The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday, as investors sought shelter from a tech stock selloff and prepared for rate hikes from the Federal Reserve. Stock market volatility continued after a broad selloff of technolo
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Dollar at 13-month high as rate hike bets, stock rout boost demand
HONG KONG, June 24 : The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes. A broad sell-off in technology and semiconductor shares has dragged global stocks lowe
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