Economic news

Review: Dollar steady, possible Fed choice in focus

The dollar held firm versus other major currencies on Wednesday as the next Fed chief remain the most important focus of the market now.

The dollar index was stable at 93.475, continuing to recover from Friday’s 2 1/2-week trough of 92.749.

The euro slumped to $1.1770, losing 0.5 percent so far on the week.

Sterling traded at $1.3188 having dropped 0.5 percent in the previous session.

The yen was virtually unchanged at 112.23 versus dollar.


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