Dollar set for second weekly advance as Fed comes into focus | Malay Mail

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TOKYO, July 23 ― The dollar was set to end the week with small gains after a turbulent several days when currencies were tossed by shifting risk appetite, with the market's focus now on next week's US Federal Reserve meeting. The dollar index was up 0.2 per cent for the week, rising slightly...

TOKYO, July 23 ― The dollar was set to end the week with small gains after a turbulent several days when currencies were tossed by shifting risk appetite, with the market's focus now on next week's US Federal Reserve meeting.But that was off a 3-1/2-month high of 93.194 hit on Wednesday, after strong Wall Street earnings helped investors regain some of the confidence lost to earlier worries the Delta variant of the coronavirus could derail the global economic recovery.

“The lack of hints on future policy moves is a moderate disappointment to those looking for a stronger dovish signal,” they wrote in a research note. “The US is better positioned than others to withstand the spread of the Delta variant thanks to its earlier strong vaccination drive,” Westpac strategists wrote in a client note.

 

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