Currency Markets Pick Up on Powell's Hawkish Remarks
The dollar strengthened as currency markets picked up on hawkish overtones from the Fed chair on Thursday, BBH said. Commerzbank sees the dollar as having limited scope to build on its recent gains. Meanwhile, the prospect of gradual U.K. rate cuts is positive for sterling.
The dollar strengthened as currency markets picked up on hawkish overtones from the Fed chair on Thursday, BBH said. Commerzbank sees the dollar as having limited scope to build on its recent gains. Meanwhile, the prospect of gradual U.K. rate cuts is positive for sterling.
