A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha Acquire Licensing Rights
LONDON/TOKYO, Dec 4 (Reuters) – The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets that the Federal Reserve will soon be cutting interest rates, while bitcoin breached $41,000 for the first time since early 2022.
The euro was last down 0.1% at $1.0876, while the dollar index, which tracks the currency against six major peers, rose by 0.19% to 103.33.
“I think it’s the fact that U.S. policy rate expectations have gone too far and will unwind more in December than rate expectations elsewhere,” said Colin Asher, senior economist at lender Mizuho in London.
Last month the euro rallied 3% against the dollar and hit its highest since August at more than $1.10 as data showed U.S. inflation…
