US dollar soars as Fed rules out March rate cut
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 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.
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.
After a chaotic start to the month amid a crisis in the banking sector, the currency market stabilised in the second half of March as contagion fears eased.
A crisis in the banking sector infused considerable volatility into the currency market over the past couple of weeks.