Dollar heads for weekly gain as investors weigh rates, recession risks

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TOKYO : The dollar was little changed against major peers on Friday, but was on track for its best week in four as investors weighed the boost from tighter Federal Reserve policy and the risks of a U.S.recession.

The dollar index, which measures the currency against six counterparts, inched up 0.

The European Central Bank is expected to raise interest rates this month for the first time in a decade, although economists are divided on the magnitude of any hike.

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Category: Economy

Topics: Week Cent Global Weakness Recession Time Currency Friday Bank Dollar Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 10:51:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 679 words

Coverage Area: Singapore

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News ID: 24207

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

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