breaking news The US dollar hits new highs across the board

What will stop the dollar?

A Fed pivot might, but don’t hold your breath. Powell speaks in a few minutes, but this is a Fed Listens event and this is not the place for monetary policy statements. We get Brainard and Bowman on a panel shortly after the hour starts and that might offer something.

But overall, US growth is the strongest and US rates will rise the most. It also benefits from safe-haven flows with the JPY out of play. Europe is going through an energy crisis and several emerging markets are not far behind.

The euro just hit more stops on a breakout of 0.9700.


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