Dollar set for first monthly gain since September on higher U.S. rate expectations
The U.S. dollar resumed its rally on Tuesday after dipping against sterling and the euro a day earlier, putting it back on track for its first monthly gain since September. The greenback’s rally gathered momentum in recent weeks as upbeat economic data led to mounting expectations that the U.S. Federal Reserve will have to raise interest rates more than initially expected. The dollar index, which measures the currency against a basket of peers, was flat at 104.64, but was still set for a February gain of 2.6%, its first monthly ...
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