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Why the US dollar is leaping higher today

The US dollar is leaping higher as North American trading picks up.The commodity currencies and pound are being hit particularly hard and USD/JPY touched 144.45, which is a new seven-month high.What's driving the moves?1) The soft Australian CPI report today along with a soft Canadian report yesterday might be kicking off a rethink on the path of rates and the probability that they're done hiking sooner than expected. BOC probabilities are down to 55% from 65% for the July 12 meeting.2) Strong U... Read More

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Dollar

Leaping

Higher

Today

Forex

Posted: Jun 28 2023, 12:56

Author Name: forexlive

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