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. Several traders and analysts said the official fixing came in much weaker than their forecasts.
This article was published in 2019.
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This article was published in 2019 .
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