Stock Market

Story: Dollar Gains Steam in February

By Sakamoto Nashi

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The greenback just scored its first monthly win since October. Fed hawks and global chaos drove the rally as currency traders watched Powell's crew signal more rate hikes could…

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Jerome Powell dropped hints last week that borrowing costs might keep climbing if inflation won't budge from above that 2% sweet spot the Fed wants to hit.

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Eastern Europe and Middle East drama sent nervous money running straight into dollar bills, because that's what scared investors do when the world gets messy.

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The euro took a beating, sliding down to around $1.06 as Eurozone troubles piled up. Inflation there won't quit despite Christine Lagarde and her European Central Bank team…

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Currency pros are calling this policy split the main driver behind dollar dominance. The Fed's going hard while other central banks play it safe.

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Not everyone's hurting though. Oil price swings from all that geopolitical mess hit currencies tied to energy exports pretty hard.

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China's yuan is hovering around 6.9 to the dollar while Beijing tries to figure out its next economic moves.

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The March Fed meeting can't come fast enough for forex traders. Any rate changes will shake up currency markets big time, and analysts think volatility isn't going anywhere as…

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Key U.S. data drops this week that could move the needle. Employment numbers and inflation reports are on tap, and traders will be parsing every Fed official's comments for clues…

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Bank of Japan meets next month too. Speculation about potential strategy changes could shake up the yen, and those meeting details will probably guide forex trends for weeks…

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Dollar performance stays tied to both domestic and international developments right now. Traders better buckle up for more twists as political and economic stories keep unfolding…

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The Fed won't say much until March. Markets are staying alert for surprises that could mess with currency values worldwide, and there's no shortage of potential catalysts on the…

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Commerce Department releases latest GDP figures March 1st, which could push the dollar even higher if growth numbers come in strong.

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Bank of England's decision to keep rates steady hurt the British pound, which dropped to $1.20 against the dollar.

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Big companies are feeling the currency moves in their bottom lines. Apple and Microsoft both said the strong dollar dinged their recent earnings, showing how Fed policy decisions…

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