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FOREX-Dollar languishes as Fed rate hike fears recede; China reopening boosts optimism

The U.S. dollar languished near a seven-month low against other major currencies on Tuesday, as investors took heart that the Federal Reserve may be nearing the end of its rate-hike cycle and as China's reopening drove demand for riskier assets. Markets have grown increasingly doubtful that the Fed will have to take interest rates above 5% to cool inflation, as effects of it aggressive rate increases last year have already been felt in the economy.
Dong Chen Jerome Powell Haruhiko Kuroda George Saravelos Tareck Horchani Jair Bolsonaro

FOREX-Dollar sluggish as Fed rate hike fears ebb; China reopening boosts optimism

The U.S. dollar languished near a seven-month low against other major currencies on Tuesday, as investors took heart that the Federal Reserve may be nearing the end of its rate-hike cycle and as China's reopening drove demand for riskier assets. Markets have grown increasingly doubtful that the Fed will have to take interest rates above 5% to cool inflation, as effects of its aggressive rate increases last year have already been felt.
New Zealand Dong Chen Jerome Powell Haruhiko Kuroda George Saravelos Tareck Horchani

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