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Dollar Soars on Hawkish Fed Dot Plot; USDCAD Hits Multi-Year High as GBPUSD Tumbles

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The Story

News Summary

  • The US Dollar surged following a hawkish Fed dot plot, driving major currencies lower.
  • EURUSD and GBPUSD broke below key moving averages, reinforcing a bearish technical outlook, while USDCAD rallied to a new multi-month high, maintaining its strong upward momentum.
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GBPUSD price history

1.35 +1.50% over the displayed period

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