- June 28, 2022
- Posted by: Stratford Team
- Category: Economy
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic
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- U.S. rate hike bets pare back aggressive Fed tightening path
- Investors watching ECB annual forum in Sintra
- Markets on lookout for euro zone price data later in week
WASHINGTON, June 27 (Reuters) – The U.S. dollar struggled versus its major rivals on Monday as softening inflation expectations prompted a reassessment of the prospects for aggressive interest rate hikes but volatile markets cushioned a broader decline.
Aggressive rate hike bets have boosted the dollar with an index rising to a near two-decade high of 105.79 earlier this month. But with some high-frequency data indicators showing economic momentum starting to cool and a broader drop in commodity prices, investors are becoming cautious. (.CESIUSD)
“It’s hard for Wall Street to confidently say there is a bottom in place, so a lot of…
