The U.S. dollar bounces back, with a closely followed index hitting a 2023 high, as Federal Reserve Jerome Powell signals rates will move higher than...
Dollar bears got shaken up by Federal Reserve Chair Jerome Powell’s two-day appearance on Capitol Hill this week highlighting the need to move interest rates higher than previously anticipated.
The... Dollar bears got shaken up by Federal Reserve Chair Jerome Powell’s two-day appearance on Capitol Hill this week highlighting the need to move interest rates higher than previously anticipated. The index remains up nearly 1.1% for the week and has bounced 2.1% so far in 2023 after a sharp pullback that saw the index retreat 11% from a two-decade high set in September.
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