Key Points
SINGAPORE (Reuters) The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year...
The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year...
Data on Tuesday showed U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers..
ANZ analysts forecast conditions for the Fed to start cutting interest rates will emerge around the middle of 2024 but cautioned Chair Jerome Powell will need to maintain hawkish guidance during the transition to lower growth and inflation...
The widely expected rate cuts in 2024 will result in the dollar loosening its grip on other G10 currencies next year, dimming the outlook for the greenback, according to Reuters poll of foreign exchange strategists...
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