January 19, 2023 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered amid Bolstered Fed Rate Hike Bets
US Dollar (USD) Propped up by Hawkish Fed Rhetoric
The US Dollar (USD) traded with mixed success on Thursday amid a cautious market mood and further hawkish comments from the Federal Reserve. Treasury bond yields looked to slide, which could have kept the ‘Greenback’ on a tight leash.
Lending some modest support, however, is Cleveland Fed President Loretta Mester adding to the speculation that the central bank is not ready to slow its aggressive rate cycle. Mester signalled that the Fed will continue its path…
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