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Dollar eases from highs on uncertainty over Fed, US election

Analysts say, expectations of Fed raising interest rates this December fully reflects in the dollar's recent rally

Reuters  |  New York 

The US dollar dipped against a basket of major currencies on Wednesday, reflecting nervousness surrounding Federal Reserve monetary policy and the US election, a day after touching a nearly nine-month high. Analysts said expectations the Fed would raise interest rates this December were fully reflected in the dollar's recent rally, putting the currency at risk of losses if any contrary signals from Fed officials crop up between now and the end of the year. The dollar index, which measures the greenback against a basket of six major currencies, was last down 0.09 per cent ...

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First Published: Thu, October 27 2016. 03:32 IST
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