Skip to main content
New York
Chicago
London
Paris
Kyiv
Sydney
Tokyo
Shanghai
Dubai
Sao Paulo
Madrid

Dollar Rising on Forex Market Due to US Rates and Presidential Elections

The U.S. dollar narrowly retreated from a 2-1/2-month high on Tuesday amid expectations the Federal Reserve would take a measured approach to easing policy, while a close-to-expected U.S. election campaign kept investors on edge. A stronger dollar, underpinned by rising Treasury yields, continued to weigh on the yen, euro and pound sterling, a theme that has been building in recent weeks as traders trimmed their bets on a rapid rate cut in the US. The yield on 10-year Treasury notes rose 3 basis points in London to a fresh 12-week high as investors bet on a stronger U.S. economy. Some analysts...

Continue reading

Share