Dollar holds gains as attention turns to spending data for Fed clues [CNBC]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: CNBC
The dollar index , which measures the greenback against major peers, climbed 0.6% in the previous session after figures on U.S. economic growth, unemployment claims, durable goods, and wholesale inventories all beat expectations. The yen traded at an eight-week low following a new raft of tariffs announced by U.S. President Donald Trump. Attention now turns to Friday's release of U.S. consumer spending data for signals of how urgently the economy needs additional stimulus from the Fed. “Markets are reading through to this, and you can see a few basis points pared off of the lower rate forecasts,” said Gavin Friend, senior markets strategist at National Australia Bank. “I think when you do see numbers like we saw on Thursday, you say, well, where's the fire?” The dollar index was steady at 98.473, near a three-week high and on course for a 0.8% rise this week. The greenback was flat at 149.81 yen after nearly breaking through the 150 mark for the first time since August 1. The
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