Investing in Currencies

Investing in Currencies

Dollar gains as traders await Fed signal on rate cuts

By Amanda Cooper LONDON (Reuters) -The dollar edged up on Wednesday ahead of the conclusion of a Federal Reserve policy meeting that could offer some insight into when the U.S. central bank will begin lowering interest rates. Sterling was among the weakest performers on the day, after data showed the British economy contracted in October, raising the risk of a recession and potentially complicating the efforts of the Bank of England (BoE) to stick to its stance against cutting rates when it meets on Thursday. The , which gauges the...
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