US dollar rises, in consolidation mode, ahead of inflation data | Business
The dollar rose modestly against major currencies on Monday, as investors braced for data on U.S. inflation and...
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The dollar rose modestly against major currencies on Monday, as investors braced for data on U.S. inflation and...
The greenback was up for a ninth week against the yen, as benchmark US Treasury yields resumed their climb - topping 3.1% overnight - after a blip lower immediately after the Federal Reserve raised interest rates by half a percentage point mid-week.
The US dollar index toppled from a five-year high and fell 0.9% overnight to 102.450.
The Fed has taken an increasingly aggressive approach to monetary policy as it tackles inflation that is soaring at its fastest pace in 40 years.