Why The Dollar Rallied And Stocks Sold Off On Thursday

Running length 00:02:10

Currencies have given back gains against the US Dollar from earlier in the day, on the back of the hotter than expected US CPI print. This follows a communication from the Fed Chair that additional rate cuts were necessary, which had prompted the big Dollar selloff that was seen from Wednesday’s Powell testimony into the Thursday CPI read.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.