Dollar prices revive again after losses

Dollar prices revived and rose today 0.1 percent. The dollar index arrested recent losses and increased 0.1 percent to 108.69. The greenback was down 0.4 percent on Tuesday after dismal service sector data. Dollar index futures increased nearly 0.2 percent.

“My biggest source of concern is that if we and financial markets are currently misreading the current inflation dynamics, then it’s going to take us a while to figure that out, and we’re going to have to be even more hawkish than I’m envisioning now,” Kashkari stated.