Market News
Euro edges down, dollar hovers around two-year high - REUTERS
By Ankur Banerjee and Greta Rosen Fondahn
- Summary
- Dollar hovers close to two-year high, euro edges down
- US government shutdown averted at last minute
- Yen weakens, stokes intervention worries
SINGAPORE, Dec 23 (Reuters) - The euro edged lower against the dollar on Monday, while markets continued to digest the recent string of central bank meetings that pushed the dollar to a two-year high and set expectations for globally diverging rate cut paths in 2025.
The dollar index , which measures the U.S. currency against six of its largest peers, was up 0.1% at 107.9.
The Federal Reserve last week shocked markets by projecting a measured pace of rate cuts ahead, sending Treasury yields and the dollar surging while casting a shadow on other economies, especially emerging markets.
