By Ambar Warrick Investing.com– The dollar tumbled to a near seven-week low on Wednesday after the Federal Reserve hiked interest rates as expected, although some language in the central bank’s announcement suggested that interest rates may be close to reaching their peak. The dollar index fell about 0.7% against a basket of currencies to 102.185…
By Ambar Warrick Investing.com– Most Asian currencies retreated in cautious trade on Wednesday as markets positioned for a likely interest rate hike by the Federal Reserve later in the day, although waning fears of a bank crisis made for small losses in regional currencies. The Fed is expected to hike interest rates by 25 basis…
By Geoffrey Smith Investing.com — The dollar was up in early trading as the market adjusted its view of the likely path for U.S. interest rates again in the wake of February’s inflation report on Tuesday. The U.S. consumer price index had fallen to 6.0%, but core elements of the report continued to show prices…