Dollar Rebounds as Investors Heed Hawkish Reminder From New Zealand

[Epoch-Times-Bot]

Dollar Rebounds as Investors Heed Hawkish Reminder From New Zealand

SYDNEY/LONDON—The dollar rose on Wednesday, a day after suffering its biggest one-day drop in more than two years, as the excitement of the previous day’s rally in stocks and risk friendlier currencies wore off.
The dollar index was last up 0.54 perecnt to 110.77, after tumbling 1.3 percent on Tuesday. The index, which measures the greenback against a basket of major currencies, has fallen just under 4 percent since touching a 20-year high of 114.78 last week.
In Europe, the euro fell 0.59 percent to $0.993 after rising 1.7 percent on Tuesday. Sterling was down 0.8 percent to $1.1385, ending a solid streak which saw it rise for six straight sessions....

Source: Dollar Rebounds as Investors Heed Hawkish Reminder From New Zealand

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