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Dollar at 7-month low vs euro on slower Fed rate hike expectations

Por: CNBC Business January 10, 2023

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The U.S. dollar on Monday slid to a seven-month low against the euro as traders bet recent economic data would prompt the Federal Reserve to slow the pace of interest rate hikes, while riskier currencies benefited from China reopening its borders.The euro was up 0.96% at $1.0747, its highest level versus the greenback since June 9, adding to Friday's 1.17% increase.Sterling surged 0.87% to $1.21975 against the dollar, building on... + full article



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