- April 8, 2022
- Posted by: Stratford Team
- Category: Economy
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- Fed’s Bullard says despite rise in yields Fed still behind curve
- Fed’s Bostic, Evans back measured rate rises
- ECB keen to unwind stimulus, minutes show
- Commodity currencies pull back from recent highs
NEW YORK, April 7 (Reuters) – The U.S. dollar climbed to nearly two-year highs on Thursday, as investors digested hawkish signals from the Federal Reserve, but wondered whether the currency’s value already reflected further tightening moves.
The dollar index hit 99.823 on Thursday, the highest since late May 2020. It was last up 0.2% at 99.810.
“With traders pricing in more than 225 basis points of interest rate hikes over the rest of this year, there’s certainly more risk of the Fed failing to meet expectations than exceed them,” said Matthew Weller, global head of research at FOREX.com and City…