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Dollar starting to benefit from that discarded tailwind?
And in turn, that is keeping the dollar underpinned as we also get into European trading today. USD/JPY is now up 0.4% to 136.90 while EUR/USD is down 0.2% to 1.0838 with GBP/USD down 0.4% to 1.2431 on the day. There's still plenty of pushing and pulling in broader markets but this graph here is one that traders should be paying close attention to:As you can see, Fed funds futures have shifted up rates pricing for the remainder of the year in the past week. And while that still does not mean muc...
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Posted: May 17 2023, 07:45
Author Name: forexlive
Views: 081556