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Dollar steadies after sell-off on U.S. rate outlook

Published 03/22/2017, 03:54 AM
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Investing.com - The dollar steadied at lower levels Wednesday after a sell-off overnight as part of a five-day decline.
Comments by Fed members reinforced the idea the pace of U.S. rate hikes this year will be gradual.
Fed Chair Janet Yellen is due to speak Thursday.
U.S. Treasury yields fell as investors moved out of riskier assets such as stocks into safe-haven ones such as bonds.
Doubts are growing about the ability of the Trump administration to deliver on its pro-growth agenda.
The dollar index was off 0.01% near six-week lows at 99.54 at 03:30 ET.
The dollar fell 0.25% to 111.47 yen after strong Japan trade data, upbeat BoJ meeting minutes.
Investors also noted reports of another North Korean missile test.
Theeuro held above $1.08, while the pound touched the $1.25 level.

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