The dollar made its biggest weekly gain in more than three years after a string of hawkish comments from US policymakers threw momentum behind the greenback, convincing traders the US rate-cutting cycle was over.
By Sarah O’Connor
Published: June 13 2008 11:36 | Last updated: June 13 2008 19:26
The dollar made its biggest weekly gain in more than three years after a string of hawkish comments from US policymakers threw momentum behind the greenback, convincing traders the US rate-cutting cycle was over.