Dollar climbs again ahead of Fed and ECB meetings

Published by
Reuters UK

By David Henry NEW YORK (Reuters) – The U.S. dollar rose again on Tuesday after rebounding from a dip that nearly wiped out its gains from the day before as markets jostled with the different paths major central banks are choosing between fighting inflation or the economic drag of the pandemic. The U.S. dollar index measuring the currency against major peers was up 0.2% at 96.5520 in afternoon trading in New York after having earlier given up much of its Monday gain of 0.3%. The rebound came largely at the euro’s expense as markets digested another report of unexpectedly high U.S. inflation th…

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