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Dollar stays in control as the week finally gets underway

And so, the new week is pretty much only getting started today. The dollar continues to sit in a good spot as markets continue to weigh up higher odds of another rate hike by the Fed. Looking at Fed funds futures, there is now a roughly 61% probability of a 25 bps rate hike for June. The higher for longer narrative is now winning out again.In case you missed it, I highlighted the change in the curve in this post yesterday here.For now, the dollar continues to sit in the driver's seat and is stay... Read More

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Dollar

Stays

Control

Week

Finally

Gets

Underway

Forex

Posted: May 30 2023, 04:10

Author Name: forexlive

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