U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on December 15, 2023.
The dollar started the week on a steady footing as investors took stock of U.S. economic data ahead of the Federal Reserve policy meeting this week, while escalating geopolitical tensions in the Middle East kept risk sentiment in check.
But since then, strong economic data and pushback from central bankers have prompted traders to adjust expectations.
Beyond the Fed, investors will also watch for a slew of economic data including a U.S. payrolls report that will help gauge the strength of labor market.
Elsewhere, the Australian dollar rose 0.21% to $0.659, while the New Zealand dollar gained 0.18% to$0.610.
Persons:
Marc Chandler, Chandler, Jerome Powell, Paul Mackel, Sterling, Joe Biden, bitcoin
Organizations:
Federal Reserve, Fed, Federal, HSBC, Bank of England, U.S, New Zealand
Locations:
Buenos Aires, Argentina, U.S, Bannockburn, Jordan, Syrian, Iran, Israel