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Savoring Success with Taste Nova Scotia Culinary Ambassador Amy Savoury | SaltWireSINGAPORE -Major global currencies were steady early on Monday with investors preparing for the U.S. dollar to extend declines from late last week after the Federal Reserve dialled down its hawkish rhetoric.at $1.0727. The dollar index declined more than 1% last week, its heaviest fall since mid-July and hit a six-week low.
"Dollar bears would be well served to temper their enthusiasm," they wrote."This is because, the pillars of USD strength have diluted, but not completely faded and are likely to eventually re-emerge over the medium-term as USD-supportive factors." Futures markets swung to imply a 90% chance the Fed was done hiking, and an 86% chance the first policy easing would come as soon as June.
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