After dominating the FX space throughout 2022, the dollar’s reign could be coming to an end.

A sense of caution lingered across financial markets on Thursday as investors weighed the impact of rising oil prices on economic growth.

The mighty dollar marched to fresh multi-decade highs this morning as more hawkish Fed speakers and rising Treasury yields injected bulls with fresh inspiration.

A wave of risk aversion whacked financial markets on Wednesday after President Vladimir Putin declared a partial mobilization over Ukraine and warned the West over ‘nuclear blackmail'.