Dollar inches higher as markets keep driving through the fog
The dollar is starting November on a firm footing, edging higher against a basket of its major rivals after Federal Reserve Chair Jerome Powell last week repeatedly warned markets against expecting more monetary easing in December. Over the past four sessions, front-end rate differentials have shifted slightly in favour of the greenback—enhancing its relative appeal—and strong earnings from a number of the biggest technology names have enhanced foreign investor interest in American equities, adding further support to the currency. The US government shutdown is now in its 34th day and will on Wednesday become the longest ever. With leaders showing...