LONDON—The dollar was on track for its best week in a month against major rivals on Friday, as the world’s reserve currency held its ground amid a selloff of riskier assets across markets. Investor sentiment has soured in recent days due to weaker economic data, rampant inflation and concerns over the pace of U.S. Federal…
Dollar Hovers Near 1-year High as Fed Tightening in Focus, Iron Ore Prices Boost Aussie
September 30, 2021
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LONDON—The dollar hovered near its highest levels in a year against a basket of peers on Thursday on rising expectations the Federal Reserve will taper stimulus from November, while a bounce in iron ore prices boosted the commodity-linked Australian dollar. The safe haven greenback has made sharp gains over the last two sessions on concern…
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