Dollar set for worst August in five years


Against a basket of currencies the dollar rose 0.1% higher to 92.356 in early trading in Europe and is down 1.2% for the month.

LONDON: The dollar was set for a fourth straight month of losses on Monday after a U.S. Federal Reserve policy shift on inflation, while the euro was poised to post a fourth month of gains, taking both currencies to levels last seen in 2018.

Investors are adjusting to a speech last Thursday in which Federal Reserve Chair Jerome Powell outlined an accommodative policy change which is believed could result in inflation moving slightly higher and interest rates staying lower for longer.

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dollar , Federal Reserve , policy shift , inflation

   

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