Day: January 12, 2019

US Dollar Ends Week Soft amid No Rate Hikes Outlook

The US dollar fell against most other currencies over the week as traders were becoming more and more convinced that the Federal Reserve may perform no interest rate hikes at all this year. The major hit for the greenback came from the monetary policy minutes of the Federal Reserve that talked about patience in determining timing of the next interest rate hike. While comments of Fed Chairman Jerome Powell about reduction […]