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25 November 2022 | Other

Pressure on dollar is exacerbated on prospects of slower Fed hikes

S&P 500
GBPUSD
EURUSD
USDJPY
USDCAD

The dollar is seeing a decline on Friday. The Fed may slow the pace of interest rate hikes, and that keeps investors optimistic.

The minutes for the November Fed meeting were made available this week. They revealed that the vast majority of policymakers would opt for a slower pace of rate hikes at the next meetings. The dollar began to fall on these remarks. 

Ray Attrill, head of FX strategy at National Australia Bank, highlighted that risk appetite had increased for the third consecutive day.  According to him, it contributes to the decline of the U.S. dollar.

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