Persistent inflation to push Fed to tighten more, delay rate peak
"It's not clear that you need that shock and awe right now where we are," said Karthik Sankaran, a senior market strategist at Corpay Cross-Border Solutions, referring to a surprise 100-basis-point hike.
Dollar firm ahead of Fed, Swedish crown not helped by rate rise
"Traders and investors are taking cover, aware that the dollar is behaving like a force of nature, and unwilling to face its wrath," said Karl Schamotta, chief market strategist, at Corpay in Toronto