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Dollar back in the driver's seat

Once again, it was a day where the dollar rose despite equities rallying late as higher bond yields continue to underpin the currency. And it was definitely helped out by headlines like these:Fed insider Timiraos: Fed members suggest June rate rise will be a close callFeds Logan: Data at this time does not support skipping rate hike at the next meetingThat resulted in another further shift in Fed rates pricing, with traders now seeing just over 30% odds of a 25 bps rate hike. For some context, i... Read More

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Posted: May 19 2023, 04:08

Author Name: forexlive

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