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US dollar gives it all back as yields turn higher

US dollar gives it all back as yields turn higher

The dollar is going for a ride in the aftermath of the CPI report. EUR/USD rose to 1.0832 but has given most of the gains back in a return to 1.0780.

The initial move lower in the US dollar came as the market largely priced out the chance of a 50 bps hike in February. Morgan Stanley is also out with a note saying the Fed will hike 25 bps more in February and that will be the end of the hiking cycle.

However the bond market is struggling for direction. Yields initially fell lower t... Read More

Posted: Jan 12 2023, 15:09
Author Name: forexlive
Views: 102052

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