(U.S. News) The dollar edged higher on Wednesday, as the boost to the euro and the yen from worries about a possible U.S. recession following an inversion in part of the U.S. Treasury yield curve faded.
The euro, which initially rose following a Reuters report that European Central Bank policymakers are exploring ways to withdraw stimulus in 2019, soon gave up those gains.
“We are on the side that thinks dollar is up for some losses as others recover, but without the fundamentals being there, like GDP and PMI expanding consistently, there is not clear end in sight for dollar dominance,” said Juan Perez, senior currency trader with Monex Inc in Washington.
