Dollar hovers near one-month high with market frozen before Fed test

The dollar hovered below a one-month high compared with major peers on Tuesday ahead of a much-anticipated Federal Reserve meeting that could signal a change in the outlook for U.S. monetary policy.

Traders will be watching carefully for clues on when policymakers will start tapering dollar-depreciating stimulus. Nearly 60per cent of economists in a Reuters poll expect a tapering announcement in the next quarter, despite a patchy recovery in the job market.

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World stocks near record high as investors await dovish Fed actTOKYO: Global shares held firm near record highs on Monday while U.S. bond yields flirted with three-month lows as investors expect the ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

World stocks near record high as investors await dovish Fed actTOKYO: Global shares held firm near record highs on Monday while U.S. bond yields flirted with three-month lows as investors expect the ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »