Central bank policy bets boost Euro and dent USD
Central bank policy bets boost the euro and dent the US dollar – Central bank dynamics have driven the currency markets over the last fortnight.
Central bank policy bets boost the euro and dent the US dollar – Central bank dynamics have driven the currency markets over the last fortnight.
After ending 2022 on the back foot, the US dollar starts 2023 with a bang. Soaring more than 1% as currency markets reopened after the new year.
A slowdown in US inflation hammered the US dollar over the past two weeks, while prompting a risk-on rally in markets. However, downbeat economic and geopolitical news caused some turbulence.
The pound continued to trade with considerable volatility over the past fortnight amid fiscal and political uncertainty in the UK.
Central bank rate decisions inspire volatility in the pound, euro and US dollar