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Dollar holds heavy after the Fed

There was a bit of a cheer in risk sentiment initially as the Fed hiked by 25 bps and more or less hinted that they will move to the sidelines after. However, Powell didn't convince on that front and markets started to get angsty again as the dust settled. By the end of the day, it was very much a risk-off wave that struck but the dollar was also subdued.USD/JPY in particular saw a over 1% drop back under 135.00 and is keeping that way for now:The break below 135.00 sees sellers regain near-ter... Read More

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Dollar

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Forex

Posted: May 4 2023, 04:47

Author Name: forexlive

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