Tag: FX market
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Dollar Rallies to Three-Month High on Fed Hawkishness
Market Summary: A Dollar Pushes Higher The U.S. dollar extended gains to its strongest level in roughly three months, driven by a combination of a weaker yen and a Federal Reserve that signaled a more cautious path on interest-rate cuts. The move underscores how expectations for future policy tightening or slower easing can have a…
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Dollar Rallies to Three-Month High on Fed Hawkishness and Yen Weakness
Overview: A Dollar Pushes Higher on Hawkish Fed Signals The U.S. dollar strengthened to its highest level in about three months as investors reassessed the path for Federal Reserve policy and weighed the impact of a softer yen. The Bloomberg Dollar Spot Index rose, with gains of around 0.6% at one point, reflecting a shift…