The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended a rally that again pushed key indices on Wall Street to record highs.
Gold eased, tugged lower by a firmer dollar that has found support from mounting expectations the Fed will not cut rates anytime soon.
The dollar index rose 0.21%, with the euro down 0.33% to $1.1112. The Japanese yen weakened 0.11% versus the greenback at 109.61 per dollar.
Source : Reuters