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US dollar falls after two Fed officials make the case for skipping a June hike

US dollar falls after two Fed officials make the case for skipping a June hike
The US dollar is under broad selling pressure after a pair of Fed speakers delivered broadly-similar comments that both highlighted the possibility of skipping a June hike and raising rates again in July, if necessary.Holding US central bank policy rate constant at the current meeting should not be taken to mean rates have reached a peak for this tightening cycle, Jefferson said. That comment sounds like he's preparing the markets for just that, or at least the possibility of it it May non-farm... Read More
Posted: May 31 2023, 17:46
Author Name: forexlive
Views: 101993

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