Dollar Eases but Remains Elevated on Fed Rate-Rise Bets

Dow Jones09-25 14:42

0642 GMT - The dollar eases slightly but remains close to an eight-week high, supported by expectations for further U.S. interest-rate increases. Federal Reserve officials John Williams and Anna Paulson said on Thursday that further policy tightening might be needed while the Fed's Beth Hammack said inflation pressures remain elevated. "As long as U.S. macro data shows no signs of cooling, the Fed will remain firmly on a tightening bias, and we continue to expect the euro versus the dollar to trend even lower from here," Danske Bank's Mohamad Al-Saraf says in a note. The DXY dollar index falls 0.1% to 101.147 after hitting an eight-week high of 101.398 Thursday. The euro is flat at $1.1384 after reaching an eight-week low of $1.1358 Thursday.

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