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The U.S. Fed's smaller rate hike brings dollar strength closer to its end

Por: CNBC Business February 02, 2023

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The DXY has fallen more than 10% in the past three months, Refinitiv data showed — and is a few points away from erasing almost all its gains that it's seen in the past year, before the Federal Reserve embarked on its journey of interest rate hikes to tame inflationary pressures.Kacper Pempel ReutersThe U.S. dollar index continued to slump on Thursday as the Federal Reserve opted for a smaller interest rate hike of 25 basis points.The... + full article



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