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Positive US data breathes confidence in the higher for longer narrative

This was the main headline in trading yesterday: US August ISM services 54.5 vs 52.5 expectedAnd that is shifting the price in the Fed outlook once more. At this point, markets are extremely sensitive to US data but there has been a developing trend in the last one month. Here's a look at the Fed funds futures curve:There have been one or two pushes in the other direction but as you can see, the long-end of the curve has shifted much higher compared to where we were a month ago.In fact, the pric... Read More

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Positive

Data

Breathes

Confidence

Higher

Longer

Narrative

Forex

Posted: Sep 7 2023, 04:32

Author Name: forexlive

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