The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve's first interest...
TOKYO - The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve's first interest rate cut this year.
The U.S. rate futures market now factors in 61.3% odds of a Fed rate cut in June, down from about 70.1% probability a week ago, according to the CME's FedWatch tool. The euro slipped 0.08% to $1.0733, sticking close to the overnight low of 1.0731. Sterling was 0.04% lower at $1.25455 after sliding to $1.2540 in the prior session.
"Despite heightened risk of intervention, the BOJ's policy stance remains very accommodative and Japanese data continue to show the fragility of their 'virtuous cycle' economic recovery," said Westpac's Franulovich. New Zealand's kiwi dollar eased 0.07% to $0.5949, edging back toward the 4-1/2-month trough at $0.59395 from overnight.
If you've taken the advice to save as much money as you can in an emergency fund or other form of savings, you should feel entitled to take out money when you need it. That's what it's there for,...
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