Asian Session – Dollar off highs as attention turns to FOMC announcement
Posted on December 16, 2015 at 9:05 am GMTThe dollar climbed to one-week highs yesterday in anticipation of an expected Fed rate hike later today. Slightly better-than-expected inflation data and 2-year US treasury yields rising to 5-year highs also helped the greenback on Tuesday. The dollar extended its gains against the yen today to climb to 121.90 yen in late Asian trading. The euro also fell against the dollar and hit a low of 1.0904 dollars yesterday but was up at 1.0935 dollars today. US inflation came in [..]