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Dollar stays in the driver's seat for now

A couple of more hawkish Fed talk and a further drop in equities is fueling the next leg higher in the dollar now. The greenback saw a couple of key technical breaks at the end of last week but it took a while before they started running this week. But now that it has, we are seeing a push to the next set of key levels.USD/JPY in particular is closing in on testing the 140.00 mark next with more hawkish Fed talk and a move higher in Treasury yields helping with the mood as well.Meanwhile, EUR/US... Read More

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Posted: May 25 2023, 04:08

Author Name: forexlive

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