The dollar traded near a one-week high versus a basket of major rivals on Tuesday, supported by expectations of a hawkish Federal Reserve meeting this week and haven demand amid continued uncertainty about the Omicron coronavirus variant.
The dollar index , which measure the currency against six peers, was little changed at 96.416, after touching 96.450 on Monday for the first time since Dec. 7.
"That leaves a very high bar for the Fed to deliver a 'hawkish surprise'," Westpac strategists wrote in a client note. Although the dollar index's advance has slowed recently, pullbacks into the mid-95 level are a buy, the strategists said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Dash for Cash' video showing teachers scramble for dollar bills compared to 'Squid Game'Ten teachers were able to secure over $350 each to use for their classrooms.
Read more »
How dollar stores became America's leading retailersSupply chain issues, record job loss and high inflation means shoppers are looking for a bargain. That's good news for discount dollar stores. The three biggest chains (Dollar General, Dollar Tree and Family Dollar) will make up almost half of new store openings in the US in 2021. So how did these stores withstand the retail apocalypse, a pandemic and wide-spread criticism to become America's leading retailers?
Read more »
Omicron: Pubs warn of impact of Covid cancellationsThree pubs and restaurants warn of the impact of last-minute cancellations as Omicron fears spread.
Read more »
California to bring back indoor mask mandateAmid rising Covid-19 case numbers and fears that the highly transmissible omicron variant of the coronavirus could spark a new wave of infections, the country's
Read more »
Stock futures are flat after S&P 500 notches best week since February at record highThe S&P 500 just notched its best week since February at a fresh record close, rebounding from a big sell-off triggered by fears of the omicron variant.
Read more »
Treasury yields edge lower with omicron, Fed meeting in focusU.S. Treasury yields fell on Monday morning as investors monitored omicron developments and the Federal Reserve's December policy meeting.
Read more »