Mumbai, Dec. 3 -- The dollar index continues to stay pressured on rising prospects of a near term Federal interest rate cut in its upcoming December policy. Besides, chatter about Trump mentioning Hassett as a potential Chairman who is known for his dovish stance is also weighing on the greenback. The dollar index that measures the greenback against a basket of currencies is quoting at 99.15, down 0.15% on the day. Looking ahead, upcoming monthly US ADP Employment Change data and the ISM Services PMI would be closely monitored for further cues.
Published by HT Digital Content Services with permission from Capital Market....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.