Market News
Dollar rebounds from inflation data drop, euro dips - REUTERS
- Dollar hovers close to two-year high, euro edges down
- US government shutdown averted
- Yen weakens, rekindles intervention worries
NEW YORK, Dec 23 (Reuters) - The dollar rebounded while the euro dipped on Monday, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year.
The dollar index , which measures the U.S. currency against six of its largest peers, resumed its upward trajectory. It suffered on Friday its biggest one-day drop in nearly a month following a softer-than-expected reading on inflation that was still above the Federal Reserve's 2% target rate.
