Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak0

• Market, Stock Market
• September 28, 2022

Asian currencies plummeted on Wednesday, while the dollar surged to new 20-year highs on hawkish comments from Federal Reserve officials and growing safe haven demand. The dollar index jumped 0.4% to a new 20-year high of 114.68, while dollar index futures rose in a similar range. A broad market rout in risk-driven assets also drove