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UK retail sales on the agenda today
The dollar continued its run higher this week with a convincing performance yesterday, fueled by higher Treasury yields. Markets are starting to doubt themselves further as to whether the Fed will pause in June, as odds of a rate hike slowly climb. Fed funds futures are showing odds of a 25 bps rate hike being at roughly 40% now as opposed to the mere 10% pricing at the start of last week.Major currencies aren't doing a whole lot to start the day but be wary of the dollar extending gains later o...
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Posted: May 26 2023, 04:08
Author Name: forexlive
Views: 092129
