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Powell-led Dollar Surge Vanishes Amidst Banking Sector Turmoil

Por: RTTNews Business March 13, 2023

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The Dollar's surge in the week spanning March 3-10 triggered by the warnings of higher interest rates by Jerome Powell in his semi-annual monetary policy report to the Congress, drained in the unprecedented turbulence that engulfed the banking sector soon after. The Dollar Index (DXY) which measures the Dollar's strength against a basket of six currencies opened the week at 104.53, practically unchanged from the close of 104.52 on... + full article



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