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Dollar Trimmed Down after a Two-month High

March, 08 2017
watermark Economic news

The surge of U.S. dollar decelerated minimally on Wednesday session after reachinga two-month high against a basket of currencies last week. Investors are cautiously waiting on the sidelines as the Friday’s U.S. jobs report is about to be released soon. Moreover, there is a higher chance for a rate hike as the greenback sets in a tight range.

The appreciation of dollar seems like it achieved its limit with the rate hike in March in investors’ mind. Fed deliberating whether there will be a rate hike thrice for this year, this would prompt the central bank to provide hints as the workers’ salaries rise that could bring about inflation.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.