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FOREX-Dollar pares losses as Fed officials project one rate cut...

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작성자 Debra 작성일24-06-30 01:44 조회13회 댓글0건

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NEW YORK, เลขธูป June 12 (Reuters) - The U.S. dollar pared losses slightly on Wednesday after the latest interest rate projections by Federal Reserve policymakers showed that they expect only one interest rate cut this year.

That compares with a forecast in March of three cuts. Traders had expected Fed officials would reduce their expectations to two rate cuts this year.

The dollar index was last down 0.71% at 104.51. It earlier fell to 104.25 after data showed that consumer prices were unexpectedly unchanged in May, boosting expectations of two rate cuts this year.

The euro was last up 0.78% at $1.0825. The greenback weakened 0.51% against the Japanese yen to 156.27 yen. (Reporting By Karen Brettell)

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