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Focus is on Fed Powell’s Testimony
Markets The natural upside drift in yields since last week’s-FED/ECB-meetings ran into resistance yesterday. Disappointment on a smaller than expected reduction in the Chinese prime loan rates and softer than expected German May producer prices (1.4% M/M and 1% Y/Y) were mentioned as a potential driver for the setback in yields. Looking at the intraday price pattern, we’ re […] The post Focus is on Fed Powell’s Testimony appeared first on Action Forex...
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Posted: Jun 21 2023, 07:45
Author Name: actionforex
Views: 112538