Weekly: Powell’s Hawkish Surprise Drives Dollar to Two-Month Highs
The US Dollar surged to two-month highs near 100.00 this week after Fed Chair Powell’s unexpectedly hawkish tone cast doubt on a December rate cut, despite delivering the anticipated 25-basis-point reduction in October. The government shutdown, now entering its 31st day, continues to complicate the economic outlook as major currency pairs saw significant moves. Fed […]