The interesting moves in the last 24 hours came in the forex markets yesterday as comments from FOMC member Dennis Lockhart resulted in the dollar strengthening into the afternoon and caused a sharp turnaround on some of the major pairs. Lockhart, who has traditionally kept a dovish stance, somewhat hawkishly suggested that the potential for a rate hike in the meetings of June, July and September was still on the table. How sustainable this move is remains to be seen but there has been a degree of uncertainty put on the markets once more. There is still a slight element of safe haven demand as Saudi Arabia continued ... (full story)