US dollar stumbles in bullish trade
The US dollar struck lower again during yesterday’s trading session, amidst a prevailing risk-on mood.
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The US dollar struck lower again during yesterday’s trading session, amidst a prevailing risk-on mood.
The US dollar stumbled on Wednesday as the latest US consumer price index spurred a modest selloff.
The US dollar weakened in line with US Treasury yields yesterday after comments from Federal Reserve chair Jerome Powell improved market sentiment.
The US dollar got off to a solid start this week, recouping a good portion of Friday’s losses in response to rising US Treasury yields.
The pound got off to a solid start in 2022, trending broadly higher in the first week of the year amidst Covid optimism.
The US dollar ticked lower on Friday, after the latest US non-farm payroll figures printed well below expectations.
The US dollar trended broadly higher on Thursday as the currency was underpinned by expectations the Federal Reserve could hike interest rates in the
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