The dollar gained sharply after the Federal Reserve’s hints of further rate rises wrong-footed many investors. “The FX market was caught leaning towards a softer Fed statement and got whacked upside the head,” said one strategist.
Dollar rollercoasters on Fed statement
By Steve Johnson in London and Jennifer Hughes in New York
Published: March 28 2006 11:34 | Last updated: March 28 2006 21:34
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