The dollar continued to rise today (Wednesday) as geopolitical tensions kept markets on alert, with investors awaiting the Federal Reserve’s minutes for signals on interest rate movements.
The dollar index, which measures the performance of the U.S. currency against a basket of currencies, was unchanged, hitting 97.11 after two days of gains. The euro stabilized at (1.1852) dollars, the yen rose (0.1%) to (153.12) dollars per dollar, and the British pound remained at (1.3563) dollars after falling (0.5%) in the previous session.
The minutes of the Open Market Committee are expected to be released today, and the U.S. Department of Commerce is scheduled to release its first estimate of fourth-quarter gross domestic product on Friday.
The dollar continued to rise today (Wednesday), helped by geopolitical tensions that kept markets on alert as investors awaited signals from the Federal Reserve’s minutes on the path to interest rates.
The dollar index, which measures the performance of the U.S. currency against a basket of currencies, was little changed at (97.11) after two days of gains. The euro held steady at (1.1852) dollars, the yen rose (0.1%) to (153.12) dollars per dollar, and the British pound stood at (1.3563) dollars after falling (0.5%) in the previous session.
The minutes of the Open Market Committee are expected to be released today, and the U.S. Department of Commerce is scheduled to release its first estimate of fourth-quarter GDP on Friday.
