today's dollar rate

Dollar wobbles as investors ponder 'higher for longer' rate path

The dollar eased from a 12-week peak on Monday as traders weighed the US monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months.

August 28, 2023
August 28, 2023

Dollar wobbles as investors ponder 'higher for longer' rate path

The dollar eased from a 12-week peak on Monday as traders weighed the US monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months.

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