Dollar pins hopes on Fed, Biden for cementing rebound from 8-week low By Reuters – Investing.com
- Date: 28-Apr-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Dollar pins hopes on Fed, Biden for cementing rebound from 8-week low By Reuters – Investing.com
By Hideyuki Sano
TOKYO (Reuters) - The dollar is set to take its cue from the U.S. Federal Reserve's policy statement and President Joe Biden's speech on Wednesday, as it seeks to extend a recovery from an eight-week low touched earlier in the week against a basket of currencies.
The stood at 90.968, bouncing from Monday's low of 90.679, its lowest level since March 3, though investors are not convinced if its downtrend since late March has ended.