Dollar touches 7-month low as Fed rate rise expectations slide
The dollar touched a seven-month low on Wednesday, reversing a trend that dominated much of 2022 as lower expectations of sharp Federal Reserve rate rises eased pressure on global markets. The fall in the US currency, one of the steepest since the aftermath of the global financial crisis, came as US retail figures showed a 1.1 per cent year-on-year drop in sales in December — … Continue reading Dollar touches 7-month low as Fed rate rise expectations slide
