Dollar Dips From Three-Month Highs From three-month highs rea | Make money with Soumyo

Dollar Dips From Three-Month Highs

From three-month highs reached earlier on Wednesday as investors adjusted for the prospect of higher rates after Fed. Jerome Powell surprised markets with a more aggressive rate outlook.

Fed will likely need to raise interest rates to control inflation.Investors are now focused on February jobs data due on Friday for confirmation that continued strong jobs growth supports more rate increases.

A probability of a 50 basis-point hike is on the horizon at the Fed’s March 21-22 meeting.


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