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Dollar lower amid U.S. rate debate

Published 23/06/2017, 05:08 pm
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Investing.com - The dollar was lower Thursday as investors mulled the path of U.S. rates over the course of the rest of the year
The dollar index was off 0.19% at 97.08 at 02:45 ET, off a high of 97.30.
The Fed has signaled it remains on track for a third rate hike this year despite anemic inflation.
However, the market odds of a hike later in the year remain low.
The (pound) was firm around the $1.27 mark as Brexit talks advanced amid some hawkish comments by BoE policymakers.
PM Theresa May Thursday indicated Britain would allow EU citizens to stay in the U.K. post-Brexit.
The euro was steady at the $1.11 level  ahead of euro-zone PMI data for June.
The dollar eased against the yen at the 111 mark. Japan June manufacturing PMI falls.
Commodity-linked currencies such as the Aussie and the loonie were supported by a modest recovery in oil prices.

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