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Fed Hawks Put the Dollar on Track for Best Quarter Since 2022

From bnnbloomberg.ca

The dollar is poised for its best quarter since late 2022 as Federal Reserve officials push back against the latest bout of rate-cut wagers. Hawkish remarks from Fed Governor Christopher Waller added to speculation the US central bank is in no hurry to loosen policy and will lag other major rate-setters when it finally comes to pivot. That curbed market bets on the timing of rate cuts and helped drive the euro below 1.08 per dollar for the first time in a month. There’s plenty coming in the final days of March that could extend the greenback’s 3% run against major peers in the past three months — the strongest ... (full story)

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  • Category: Fundamental Analysis