Interest Rate Concerns Drive Dollar Up and Equities Lower

Driven by hawkish central banker comments at the World Economic Forum in Davos, the dollar touched one-month highs overnight of 1.0873 per euro, 146.79 yen, 0.6595 per Aussie dollar, and 103.81 in the weighted DXY dollar index. Percentage appreciations from Monday closing levels amounted to 1.0% against the Mexican peso, 0.9% versus the Australian dollar, […]