Following six months of steady strengthening against the euro, the last six weeks have seen the dollar struggling against both euro and sterling.
Yesterday, however, while global stock markets responded negatively to reports that the Federal Reserve may raise interest rates early in an attempt to beat inflation, the dollar shot up, briefly, although that has dissipated since and the dollar ended the day down against all of it’s top 15 rivals.
This morning the dollar hit a two-month low against the pound.
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