Dollar set for weekly rise after shift in global rate outlook
The dollar headed for a second week of gains on Friday, with a slight rate hike in Japan unable to halt its rise and a surprise cut in Switzerland highlighting the gap in interest rate policy between the Federal Reserve and other central banks. The week marked a shift in global monetary policy as the Swiss National Bank (SNB) and central banks in developing countries cut rates or indicated their intention to do so, with June the likely moment for the European Central Bank to move. The dollar rose against ...
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