February 23, 2023 – Written by John Cameron
US Dollar (USD) Bolstered by Increased Rate Hike Bets
The US Dollar (USD) saw a considerable boost on Thursday after the release of the Federal Open Market Committee (FOMC) minutes from the last policy meeting.
Investors were keenly waiting for the minutes for any further indication towards the Federal Reserve’s monetary policy going forward. An initial surge in demand buoyed the US Dollar in the wake of the release of the minutes.
The minutes revealed that all policymakers agreed on further rate hikes, and a select…