Investing in Currencies

Investing in Currencies

Dollar has strongest week since 2022 as investors reverse bets on rate cuts

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The dollar staged its strongest weekly performance since 2022 after higher than expected US inflation figures caused ripples through world markets.The US currency strengthened by 1.7 per cent against a basket of six currencies since Monday, its best weekly performance since September 2022, as traders reversed bets on early interest rate cuts by the Federal Reserve.The euro and sterling fell to their weakest levels against the dollar since November on Friday at...
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