Dollar mounted a significant comeback overnight, demonstrating resilience amidst surge in risk-on sentiment that propelled the three major US stock indexes to record highs. The greenback continued to extend gains in Asian session, surpassing pre-FOMC highs against European majors. The shift in sentiment came in wake of SNB's unexpected rate cut yesterday and dovish voting pattern from BoE. These events could have led investors to realize there are realistic risks that Fed could start cutting interest rates later other major counterparts like ECB... |