Dollar sinks to one-month low as Fed rate hike bets ease
Updated: 27 May 2022, 11:44 AM IST
TL;DR.The dollar index, which measures the greenback against a basket of six peers, fell as low as 101.43 for the first time since April 25. A rally in Asian stocks also sapped demand for the greenback as a haven.
FILE PHOTO: U.S. dollar notes are seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo