The U.S. dollar climbed to a fresh 16-month high in the Asian session on Wednesday amid expectations the Federal Reserve will likely start hiking rates from mid-2022.
However, the currency retreated subsequently with traders digesting a slew of economic data from the U.S. and Europe.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com