Dollar Nears Pandemic Peaks as Investors seek Safety
The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading for its best month since 2015, supported by the prospect of U.S. rate hikes and on safe-haven flows fanned by slowing growth in China and Europe. Fears for Europe’s energy security pushed th
Dollar Nears Pandemic Peaks as Investors seek Safety
The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading for its best month since 2015, supported by the prospect of U.S. rate hikes and on safe-haven flows fanned by slowing growth in China and Europe. Fears for Europe’s energy security pushed th
Euro Crumbles; Traders wait on US consumer test
The dollar held just below a 16-month high versus the euro on Tuesday, while the yuan reached its strongest in more than five months as markets welcomed dialogue between the U.S. and Chinese presidents.U.S. President Joe Biden and Chinese leader Xi Jinping stressed their responsibility to the world