Suggestions from two Fed officials that a period of high inflation in the United States may last longer than anticipated lifted the greenback on Wednesday. "In the near term, the dollar lacks direction. It was the eighth consecutive softer fixing, the longest such streak since August 2019 - a time of sharp escalation in the Sino-U.S. trade war. By midday, it was changing hands at 6.4220, 251 pips weaker than the previous late session close. The move pushed interbank rates lower, but did not indicate a change in policy, Cheung said.
Cheung said that the dollar was changing to 60.05 520.12 units.
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Cheung said that the dollar was changing to 60.05 520.12 units .
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