USD returns to strength at start of 2023
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.
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.
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The pound continued to trade with considerable volatility over the past fortnight amid fiscal and political uncertainty in the UK.
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Central bank rate decisions inspire volatility in the pound, euro and US dollar
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