Dollar Strengthens Amid Hawkish Fed and US Data Expectations
TL;DR Summary
The US dollar reached a three-month high amid cautious market sentiment ahead of key economic data and central bank decisions, with the dollar's strength driven by hawkish Fed expectations, while the yen and pound face pressure from interest rate outlooks and potential intervention. The upcoming data releases and central bank meetings are expected to influence currency movements further.
- Dollar holds near three-month peak ahead of US data releases Reuters
- Sterling Faces Further Losses on Increased Rate Cut Prospects The Wall Street Journal
- Dollar Gains and Gold Falls on Hawkish Fed Comments Yahoo Finance
- Dollar index at three-month high, testing top of recent range MSN
- FX Daily: Dollar squeezing every bit of Powell’s hawkishness ING Think
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