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Dollar mostly steady vs. other majors on Fed comments

Published 09/12/2016, 02:30 AM
Updated 09/12/2016, 02:30 AM
© Reuters.  Dollar holds steady against rivals amid fresh U.S. rate hike hopes

Investing.com - The dollar was mostly steady against other major currencies on Monday, but losses remained limited amid fresh hopes for a U.S. rate hike as soon as this month and as investors looked ahead to comments by Federal Reserve officials.

EUR/USD was little changed to 1.1245.

The dollar gained some strength late Friday after Boston Fed President Eric Rosengren said the U.S. economy has proven to be more resilient to exogenous risks and that "gradual tightening is likely to be appropriate."

The comments sparked fresh speculation over a potential rate hike in the near future.

FOMC voting member Lael Brainard was scheduled to speak later on Monday.

Meanwhile, the single currency remained mildly supported after the European Central Bank held back from adding additional stimulus measures last week and left interest rates on hold.

GBP/USD held steady at 1.3268.

Elsewhere, USD/JPY slipped 0.17% to trade at 102.55.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 95.27.

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