Dollar near recent peaks as Fed looms, growth fears weigh - Sharjah24

7/25/2022 12:00:00 AM2 years 9 months ago
by Sharjah 24
by Sharjah 24
Sharjah24 - Reuters: The dollar held just below multi-decade peaks on Tuesday as traders awaited a rate hike from the U.S. Federal Reserve but wondered whether hints of a slowing economy may prompt a shift away from its focus on inflation.
The euro rose 0.21% to $1.0240 but was hemmed in by uncertainty over Europe's energy security, which is not helped by a looming cut in the westbound flow of Russian gas.The yen steadied at 136.43 per… [+550 chars]
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