News list for "Dollar small"
The dollar weakened slightly on Tuesday as investors weighed in on comments by a number of Federal Reserve officials on Monday that highlighted divisions over whether to continue cutting interest rates. Mr. Goolsbee said he was in no hurry to cut rates again as inflation remained above his 2 per cent target, while another official, Mr. Milan, said current policy was "still too tight". Mr. Daley, San Francisco Fed chairperson, said he was "open" to another rate cut in December. Governor Tim Cook ...
The dollar edged lower, but remained within a narrow trading range as investors awaited Tuesday's release of U.S. consumer price index inflation data. The dollar fell last week, mainly due to weak employment data and Milan's temporary appointment to the Federal Reserve, raising the possibility of a rate cut. Tuesday's data could show the early impact of U.S. trade tariffs on inflation. Chris Weston of Pepperstone said the market is focused on the extent to which inflation in core goods is affect...
Despite tariff risks, the dollar is rising, but is still only slightly above the lows of recent years. "Although the dollar is currently rebounding slightly, we believe the downward trend in its fundamentals remains unchanged," BBH analysts Win Thin and Elias Haddad said in a note. They expect the market to resist the Fed's hawkish stance more strongly, thus further putting pressure on the dollar. At the same time, tariff policy may also exacerbate the risk of stagflation, becoming another facto...
