The US dollar strengthened across the board yesterday, while stocks fell. It followed warnings from policymakers that strong rate rises will continue, potentially with a 50 basis point rise at the next FOMC meeting rather than the predicted 25.
The Dow Jones fell 300 points in early deals on Thursday, while the S&P 500 and Nasdaq 100 were down around 0.7% each, as economic data heightened concerns about hawkish central bank policies.
Today investors will be listening closely to the CEO of the Federal Reserve Bank of Richmond, Thomas Barkin, who will speak on inflation later today.
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USD/EUR over the past year
