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.
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.
EUR/USD strikes one-year high amid persistent US dollar selling pressure. Movement in the currency market was characterised by notable US dollar weakness in the first half of April
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