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The surprisingly strong tumble in the dollar at the end of last week following a mixed and muddled payrolls report underscores just how febrile and fickle markets are becoming. But the dollar recovered those losses today as sentiment soured after China said it is sticking with its strict COVID restrictions, quashing hopes of an imminent reopening in the world's second-largest economy which had earlier fired a broad rally in riskier assets. On Money in the Market, Ruth Carson, Senior Reporter for FX & Rates at Bloomberg, joins us to tell us more about the outlook of the US dollar.
See omnystudio.com/listener for privacy information.
The surprisingly strong tumble in the dollar at the end of last week following a mixed and muddled payrolls report underscores just how febrile and fickle markets are becoming. But the dollar recovered those losses today as sentiment soured after China said it is sticking with its strict COVID restrictions, quashing hopes of an imminent reopening in the world's second-largest economy which had earlier fired a broad rally in riskier assets. On Money in the Market, Ruth Carson, Senior Reporter for FX & Rates at Bloomberg, joins us to tell us more about the outlook of the US dollar.
See omnystudio.com/listener for privacy information.
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