Publisher: Maaal International Media Company
License: 465734
Saturday, 17 May 2025
Dollar set to extend gains as expectations of big rate cut fade
The dollar was broadly steady on Tuesday, heading for fresh weekly gains as expectations of a big U.S. rate cut faded.
The dollar index moved slightly higher to 104.04, after hitting a near three-month high of 104.57 earlier in the week.
The index is expected to rise more than 0.5% this week, extending its winning streak to a fourth straight week.
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