USD Comes Back Bid After Yesterday's Exaggerated Slide
Source: SeekingAlpha
2026-03-20 07:10:00 ET
The market seemed to overreact to the central bank meetings this week. The market heard Fed Chair Powell as more hawkish than the FOMC statement and took the dollar sharply higher. Yesterday, it overreacted to the Bank of England and European Central Banks and sold the greenback aggressively. The swaps market is discounting three rate hikes this year by the ECB and BOE and about three basis points of tightening by the Federal Reserve....
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USD Comes Back Bid After Yesterday's Exaggerated Slide
Invesco CurrencyShares Australian Dollar Trust
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