Dollar Inches Up as BoE Hints at Summer Rate Cut Amid Sparse U.S. Data
Data releases were sparse last week from the world’s largest economy following the Fed meeting the week prior. Trading was rather muted as a result with the major economic news and data releases coming from the UK and Europe. The Dollar ticked up slightly following a dovish hold by the BoE, which indicated a summer rate cut may be on the way.
Published on 15 May 2024
Open a free multi currency account with Hubpay
We help companies all around the globe to send money in the easiest and cheapest way using multiple currencies. Talk to Hubpay Corporate FX team today
Share this blog on
Streamline your Corporate FX
Fast account opening – Minimal Paperwork