Along with a respectable increase in US rates, the US dollar recovered some of the ground it had lost during Monday’s dismal session, and investors’ forecasts of a September and December rate drop remained unchanged. A modest increase in US rates helped the USD Index (DXY) overcome its Monday decline …
Read More »Market Participants Still Focusing on Policy Divergence
The US dollar reached new heights this week due to bets on when the Fed will most likely begin its easing cycle. Meanwhile, confidence in an ECB interest rate cut in June continued to build, pushing the EUR/USD down to as low as the 1.0600 region. The EUR/USD is trading …
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