Dollar edges lower as Fed hike bets cool; HDFC cites USD/INR 94-95
US dollar index moderated as markets trimmed expectations for a Fed rate hike later this month. The shift followed a weaker-than-expected ADP report and dovish remarks from Fed Governor Waller, HDFC Treasury Desk said.
The US dollar index moderated as markets reduced expectations of a Fed rate hike later this month following a weaker-than-expected ADP report and dovish comments from Fed Governor Waller, HDFC Treasury Desk said.The ADP report showed 38,000 job additions in August versus the market estimate of 47,0…