February 9, 2023 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Rallied on Pared Fed Rate Hike Bets
US Dollar (USD) Undermined on Receding Rate Hike Bets
The US Dollar (USD) lost steam on Thursday as Federal Reserve interest rate bets continued to retreat.
Despite hawkish rhetoric from several Fed policymakers on Wednesday, USD investors, and the wider market, remain uncertain on the central bank’s monetary policy going forward. With uncertainty surrounding the Fed’s movements weighing on investors’ minds, they also played a part in exerting pressure on US Treasury bond yields as they slipped modestly.
Meanwhile,…
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