Foreign Exchange Dollar rises in a tepid start to the new year
Foreign Exchange Dollar rises in a tepid start to the new year. The euro-area economy is preparing for a recession, fears regarding the supply of gas during winter are lessened, which means the recession might not be as dire as was thought ago. Eurozone wages are increasing faster than anticipated as well. The European Central Bank (ECB) should ensure that this doesn't add to the already high rate of inflation ECB Chief Christine Lagarde declared this weekend. The dollar climbed on Monday, but it was able to pull away from its recent lows of just six months against a range…