Dollar teeters, gold takes a breather as markets await Fed – ZAWYA

SourceZawya
SectorFinancial Markets
CountryUnited Arab Emirates

Dollar teeters, gold takes a breather as markets await Fed Dollar could post worst month v basket since 2011    Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. SINGAPORE/NEW YORK:  The U.S. dollar hovered just above a two-year low on Wednesday, while stocks struggled, as growing worries about the U.S. economy had investors cautious and looking to Congress and the Federal Reserve for a boost.The Fed is expected to strike a dovish stance at its policy review later in the day and perhaps open the door to a higher tolerance for inflation - something dollar bears think could...read more...