US Dollar jumps against riskier currencies on hawkish Fed minutes

US Dollar jumps against riskier currencies on hawkish Fed minutes

From financialpost.com

The U.S. dollar jumped against risk-sensitive currencies including the Aussie and sterling on Thursday, as worries about faster policy tightening by the Federal Reserve dented market sentiment. The greenback also remained close to a five-year high against the yen, supported by a surge in U.S. Treasury yields on rising bets for a U.S. rate hike by March. Minutes from the Fed’s December meeting released on Wednesday were considered to be more hawkish than expected, weighing on riskier assets and supporting the U.S. dollar and bond yields. The meeting minutes showed Fed officials said that a “very tight” job ... (full story)

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