US dollar slips from multi-month highs as US GDP disappoints
The past couple of weeks have been characterised by some significant swings in the US dollar as investors repriced their Federal Reserve interest rate expectations.
The past couple of weeks have been characterised by some significant swings in the US dollar as investors repriced their Federal Reserve interest rate expectations.
Movement in the currency market has remained erratic over the past couple of weeks, with this volatility being exacerbated by thin trading conditions over the Easter weekend.
Central bank interest rate cut speculation has triggered some notable movement in the currency market over the past couple of weeks.
The euro has tested new multi-month lows over the past couple of weeks, in the wake of the European Central Bank’s (ECB) latest interest rate decision.
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The past couple of weeks have been characterised by a downbeat market mood, which has been particularly painful for the pound.
We witnessed some notable swings in the currency market over the past couple of weeks, as investors revised interest rate expectations for the Bank of England (BoE), European Central Bank (ECB) and Federal Reserve.
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The US dollar enjoyed strong support through the second half of May, with the safe-haven currency being propelled to multi-month highs amid a prevailing risk-off mood.