Dollar falls to 2-month low, pound rises to 15-month high on wage growth data

Dollar falls to 2-month low, pound rises to 15-month high on wage growth data

NEW YORK: The dollar fell to two-month lows against major currency indexes on Tuesday after a Federal Reserve official suggested the central bank was nearing the end of its tightening cycle, while salaries increased. Expectations that the pound hit a 15-month high after outperforming growth. The dollar fell to a four-week low of 140.17 yen … Read more

Dollar hits two-month low, pound hits 15-month high on wage growth data

Dollar falls to 2-month low, pound rises to 15-month high on wage growth data

NEW YORK: The dollar fell to two-month lows against major currency indexes on Tuesday after a Federal Reserve official suggested the U.S. central bank was nearing the end of its tightening cycle. The pound hit a 15-month high on expectations that wage growth outpaced expectations. The dollar fell to a four-week low of 140.17 yen … Read more