Strong US economic data will put a brake on the dollar's downward trend, which was triggered by the Fed minutes. The data could re-ignite expectations the Fed will raise interest rates at least twice this year.
Strong U.S. economic data will put a brake on the dollar's downward trend, which was triggered by the Fed minutes. The data could re-ignite expectations the Fed will raise interest rates at least twice this year.
While the US Fed appears to have shortened its commitment to rate hikes by deleting the word 'measured', the US monetary authority still implies there are good chances of more rate hikes beyond the March meeting.