The dollar is ticking up ahead of the Beige Book.
The dollar is ticking up ahead of the Beige Book
The US dollar was higher Wednesday ahead of the Beige Book.
The US dollar index was higher by 0.3% at 93.71 at 8:29 a.m. ET.
"We note the dollar is starting to look rich to our short-term cyclical models and we do not see much room for a sustainable bounce near-term," Mark McCormick, North American head of FX strategy at TD Securities, said in emailed commentary.
"The major currencies are stuck in a tug-of-war between dollar on/dollar-off, with focus centered on the Fed's Game of Thrones saga, budget news, and NAFTA headlines."
The Federal Reserve's Beige Book will be out at 2 p.m. ET.
As for the rest of the world, here was the scoreboard as of 8:34 a.m. ET:
- British pound
- showed
- Russian ruble
- South African rand
- euro
- Japanese yen
- Indian rupee
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