FILE PHOTO: U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009.
“I think the dollar can stay under selling pressure,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia.
Money markets have largely priced in a 25-basis-point rate hike from the Fed at its policy meeting later this month, though see rates coming down as early as December.
Conversely, investors expect the European Central Bank and the Bank of England to have further to go in their rate-hike cycle.
Elsewhere, the Japanese yen rose marginally to 138.66 per dollar and remains more than 4% clear of a seven-month low it hit last month.
Persons:
Rick Wilking, ”, Carol Kong, Ryota Abe, China’s, Khoon Goh
Organizations:
greenback, REUTERS, U.S, Federal Reserve, Commonwealth Bank of Australia, “, Fed, European Central Bank, Bank of England, Bank of Japan, SMBC, Reserve Bank of Australia’s, New Zealand, ANZ
Locations:
SINGAPORE, Westminster , Colorado, Asia