Dollar recoils as Fed douses hawkish bets - Economic Times

7:04pm PDT - May 4th, 2022    business - The Times of India

The U.S dollar index toppled from a five-year high and fell 0.9% overnight to 102.450. Antipodean currencies surged, especially the Aussie dollar, which enjoyed its biggest one-day percentage gain in over a decade as investors dialled back bets on the Fed sta…