Dollar rallies on as inflation fears in the US take hold
There were divergences in the so-called Trump trade last week. Read more via the report below.
FX Market Updates
Prospects for inflationary policy and higher Federal Reserve rates once again sent Treasuries lower and the dollar higher, but stocks and most risk assets are finally starting to feel the sting of higher interest rates and fell throughout the week. Almost every major currency lost ground to the greenback. The biggest loser of the week was the British pound, which was pummeled after third quarter growth data disappointed. On the positive side, the Mexican and Chilean pesos managed to eke out a small rebound for the week. Read more via the report below.