Greenback cools down, still overpriced to stock markets’ detriment

29.04.2025

The dollar edged down but was still within striking distance of its 5-1/2-month high on Wednesday, keeping the yen rooted near 34-year lows after Federal Reserve officials reiterated interest rates are likely to stay higher for longer.

Top U.S. central bank officials including Fed Chair Jerome Powell backed away on Tuesday...