Greenback Rose on Rate Hike Hints and Set Commodity Currencies Under Pressure

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The U.S. dollar has traded broadly higher on Wednesday and early Thursday as various Fed board members are talking about more than one rate hikes in this year. The strength of the dollar acts heavy pressure at the stocks and the commodities driving the commodity currencies to record severe sell‐off on yesterday’s trading session. The British pound is apt to the polls coming out for EU referendum and as the number of votes to leave the common bloc increases, the sterling losing momentum against

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