US dollar makes a comeback after NFP smashes expectations

The current trading environment is marked by volatility and choppiness, with most currencies trading within tight ranges throughout January. This can be attributed to a combination of the absence of major news events and anticipation surrounding announcements from central banks such as the Fed, ECB, and BoE. Starting with the Fed, their latest move was in line with expectations - a smaller 25bp hike was announced on Wednesday, following a 50bp hike in December. This move was heavily telegraph...