The dollar index witnessed a mild rebound in early Asia on Tuesday after having come-off recent peaks during the last week, although the index managed well to hold on to 104 mark. The dollar index that measures the greenback against a basket of currencies rose to around 104.30 on Tuesday, recouping some losses from recent sessions as investors continued to assess the outlook for Federal Reserve monetary policy. Last week data showed higher than expected US consumer price and producer prices that pushed back expectations of an early Federal rate cut. This week's focus will be on the Federal Open Market Committee (FOMC) minutes. Among the basket currencies, EURUS and GBPUSD retreated to $1.0781 and $1.2589 respectively.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app