Dollar holds near seven-week highs on further Fed hike talk
The dollar trades steady near recent seven-week highs as market talk points to the Fed potentially needing further rate increases.
The dollar traded steady but stayed near recent seven-week highs as expectations rose that the Federal Reserve could lift interest rates further. Chicago Fed President Austan Goolsbee said Monday that another 25 basis points increase likely would not be enough if inflation was being driven by more than the Fed had previously thought.