Dollar Rides Flight to Safety Higher – Fx Signals – The dollar inched higher Tuesday, as investors fled to safety amid weaker-than-expected services data just a day ahead of the minutes of the Federal Reserve’s June meeting that could provide further clues on tapering.

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The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, climbed by 0.14% to 92.54. forex learning guides

The June ISM Services PMI slipped by more than expected in June to 60.1 from 64.0 last month, and missed economists’ forecasts of 63.5.

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The soft services activity stoked some worries that the rapid pace of economic expansion is in its final innings, triggering a rush to safety and benefiting the greenback on Forex Signals

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Dollar Rides Flight to Safety Higher

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Dollar Rides Flight to Safety Higher