US Dollar erases losses as Fed’s Waller backtracks

BY admin admin

The US Dollar (USD) roars with the US Dollar Index (DXY) popping above a few important technical levels. The move comes with markets finally realizing that rate cuts will not take place before June for either the US Federal Reserve (Fed), the

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

The USD moves higher after the hotter CPI data

The markets are on the move after the stronger than expected CPI data which saw the year on year number move up to 7.5%. The core reading touched 6% versus 5.9% expected. That's up from 5.5% The

Forex

GBP/USD: UK government turmoil and Fed gloom picture confuses the cable

Criticism against UK PM Johnson and the Brexit deadlock weigh on the pound while USD benefits from the Fed's gloomy message, Yohay Elam, an analyst at

Forex

Wishful Thinking?

<p>America had another ‘bad news is good news’ moment yesterday; softer-than-expected ADP and growth data further fueled expectations that the Federal Reserve (Fed) is – maybe – good for a pause

Copyright © 2024 | WordPress Theme: Xews Lite