Possible Fed Hike Hold Causes Dollar To Weaken – 9 January, 2019

Lowered expectations that the Federal Reserve will raise interest rates this year have caused the dollar to dip against major peers. The dollar index was steady after losing 0.7 percent the previous session with traders waging bets on US interest rates remaining steady for the new year, while markets are cautious until concrete evidence is provided that the US and China are making progress with trade talks. The yen gained 0.2 percent to 107.90, while the euro rose to $1.1547 and the pound to $1.2790 against the dollar. The Australian dollar fell by 0.15 percent to $0.7155.