Dollar holds near multi-month high after Fed’s hawkish tilt By Reuters – Investing.com
- Date: 21-Jun-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Dollar holds near multi-month high after Fed’s hawkish tilt By Reuters – Investing.com
TOKYO (Reuters) - The dollar held near multi-month peaks against other major currencies on Monday, after the U.S. Federal Reserve surprised markets last week by signalling it would raise interest rates and end emergency bond-buying sooner than expected.
The , which tracks the greenback against six major currencies, stood at 92.232 after gaining 1.9% last week, its biggest rise since March 2020.
On Friday, it jumped above key resistance around 91.95, marking a 61.8% retracement from its decline to 89.53 earlier this month from an April peak of 93.439.
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