FOREX-Dollar sells off on speculation of less hawkish Fed, euro regains parity ...Middle East

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FOREX-Dollar sells off on speculation of less hawkish Fed, euro regains parity
source : Devdiscourse ( Middle East ) () 32
The U.S. dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will slow the pace of its rate hiking cycle, sending the euro back above parity with the greenback for the first time in a month. At 3:15 p.m. EDT (1915 GMT), the dollar was down 1.118% at 109.7 against a basket of six currencies, its weakest since Sept. 20.

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