BEAMSTART Logo

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

Channel News Asia LogoChannel News Asia1 mo ago

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

Quick Summary AI Powered

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.


More Pictures

Dollar heads for weekly gain as investors weigh rates, recession risks - Channel News Asia (Picture 1)

or

Article Details

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

Availability: Desktop Web, Mobile Web

News ID: 24207

View Article Analysis

About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 62 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.