THE US dollar on Tuesday (May 16) sat just below the previous day’s five-week high, while the pound dropped sharply then recovered after a rise in Britain’s jobless numbers suggested fewer Bank of England rate increases could be needed in coming months to bring down inflation.
US dollar hovers shy of five-week top, pound swings after jobs data
2023-05-16T12:02:01-04:00May 16th, 2023|
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