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Dollar dealt a blow as we move towards final stretch of the week

Dollar dealt a blow as we move towards final stretch of the week
It seemed like markets were content to wait on the US CPI data and Fed decision next week, so it definitely caught me by surprise that there was quite a modest reaction to the weekly initial jobless claims data here:US initial jobless claims for the current week 261K vs 235K estimateThe reading was the highest since October 2021 and prompted markets to pare bets of a 25 bps rate hike. The odds for that dropped from roughly 31% to 25% in the aftermath. Even though it could be a sign that traders... Read More
Posted: Jun 9 2023, 04:42
Author Name: forexlive
Views: 081233

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