Dollar Slips Back Against Euro After Fed-fuelled Gains

Umer Jamshaid Published September 21, 2017 | 05:05 PM

Dollar slips back against euro after Fed-fuelled gains

The dollar fell back against the euro Thursday but firmed against the yen, as markets assessed the Federal Reserve's outlook for US interest rates

LONDON, Sept 21, (UrduPoint / Pakistan Point News - 21st Sep, 2017 ) - The Dollar fell back against the euro Thursday but firmed against the Yen, as markets assessed the Federal Reserve's outlook for US interest rates.

The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.

"US futures are marginally lower and the dollar is paring gains ahead of the open on Wall Street," said Oanda analyst, Craig Erlam.

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