Dollar Down, Heads Towards Monthly Loss as Bets on Aggressive Fed Subside
- Date: 30-May-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Dollar Down, Heads Towards Monthly Loss as Bets on Aggressive Fed Subside
By Gina Lee
Investing.com – The dollar was down on Monday morning in Asia, nursing the previous week’s losses and set for its first monthly drop in five months. Investors have reduced bets that rising U.S. rates will drive further gains and as fears of a global recession have subsided a little.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.23% to 101.27 by 1:32 AM ET (5:32 AM GMT).