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Cable tops 1.25 as the dollar falls further

The US dollar is at fresh session lows as Treasury yields slip. Earlier I highlighted dollar selling but noted that the bond market wasn't a part of the move. That may be changing now with US 10-year yields down 3 bps and 2s down 6.7 bps.The soft jobless claims number has convinced some in the market that the economy is turning and that the Fed is done. A skip in June is up to 77% and there are just 18 bps priced in for July now. The market is starting to think that the FOMC is done.What will be... Read More

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Content Topics

Cable

Tops

25 Dollar

Falls

Further

Forex

Posted: Jun 8 2023, 13:50

Author Name: forexlive

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