Dollar hovers near 4-month lows, bitcoin holds bounce

Since the end of March, the greenback, seen as a safe-haven trade, has retreated steadily with optimism about the recovery. But lately that move down seems to have slowed as traders begin to anticipate higher U.S. interest rates coming when the U.S. Federal Reserve reacts to signs of increasing inflation.

Dollar hovers near 4-month lows, bitcoin holds bounce
Since the end of March, the greenback, seen as a safe-haven trade, has retreated steadily with optimism about the recovery. But lately that move down seems to have slowed as traders begin to anticipate higher U.S. interest rates coming when the U.S. Federal Reserve reacts to signs of increasing inflation.