The US Dollar was on an aggressive trend in the first nine months of this year as the Fed continued with super-sized rate hikes. Since the Q4 open, however, that trend has come into question as prices have pulled back, helped along by surges in the Euro and British Pound as Central Banks in Europe and the UK hike rates in effort of stemming inflation. And with markets expecting the Fed to slow rate hikes into 2023, the faster pace of hikes out of Europe and the UK have allowed those currencies to claw back some of their prior losses against the USD.
