By Ankur Banerjee and Harry Robertson
SINGAPORE/LONDON, Aug 18 (Reuters) - The U.S. dollar rose slightly on Tuesday but remained near multi-month lows against its peers as traders reduced their bets on rate hikes, although the threat of an escalation in the Middle East war left sentiment fragile.
The euro eased away from two-month highs of $1.161 touched on Monday and was last little changed at $1.157.
Sterling was at $1.352, dipping 0.1% on weak UK labour market data, just shy of the three-month peak it hit in the previous session.
Data in the past few weeks have pointed to a softer U.S. economy, including unexpected job losses last month and mild inflation readings, leading investors to scale back expectations of a rate hike by the U.S. Federal Reserve.
#rate #robertson
SINGAPORE/LONDON, Aug 18 (Reuters) - The U.S. dollar rose slightly on Tuesday but remained near multi-month lows against its peers as traders reduced their bets on rate hikes, although the threat of an escalation in the Middle East war left sentiment fragile.
The euro eased away from two-month highs of $1.161 touched on Monday and was last little changed at $1.157.
Sterling was at $1.352, dipping 0.1% on weak UK labour market data, just shy of the three-month peak it hit in the previous session.
Data in the past few weeks have pointed to a softer U.S. economy, including unexpected job losses last month and mild inflation readings, leading investors to scale back expectations of a rate hike by the U.S. Federal Reserve.
#rate #robertson
2 months ago
