US dollar spikes to six-week high on impressive US data
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.
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 past couple of weeks have been market by a sharp pullback in the US dollar, amid renewed Federal Reserve interest rate cut speculation.
The US dollar struck new multi-month highs in the first half of February, after the Federal Reserve pushed back strongly against bets for an imminent interest rate cut.
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.
Volatility in the currency market remained elevated as 2023 came to a close, with bets on central bank interest rate cuts triggering some notable swings.
We have seen some notable volatility in the currency market over the past couple of weeks, particularly in the US dollar, which rebounded from multi-month lows.
The second half of October brought more volatility as investors tried to gauge whether another Federal Reserve interest rate rise was on the cards.
The latter half of September has been characterised by significant US dollar demand, with USD exchange rates being propelled to new multi-month highs.
The past couple of weeks have been characterised by a downbeat market mood, which has been particularly painful for the pound.