Investing.com – The U.S. dollar edged lower in early European trade Wednesday, retreating from recent highs as traders contemplated the possibility of coordinated official intervention, but underlying tone remains positive.
At 05:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.640, falling back from the five-month peak of 106.51 seen earlier in the week.
Dollar slips on intervention concerns
The dollar has been in demand of late, as strong U.S. economic data and persistent inflation have prompted investors to drastically rethink…
To read the full article please click HERE
Credit: Source link