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Eurozone CPI the key release to watch in the session ahead

The dollar had looked poised for a strong break higher yesterday, only to get pulled back after Fed's Harker and Jefferson talked up the decision to "skip" a rate hike in June. That led to a significant repricing in rate hike odds for next month, with markets now erring to the side of there being no change in interest rates.In particular, AUD/USD and NZD/USD are really on the brink with the former holding at 0.6500 and the latter at the 0.6000 level. Both are barely staying afloat after hitting... Read More

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Posted: Jun 1 2023, 04:26

Author Name: forexlive

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