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The risks are skewed to the downside for the dollar ahead of the NFP

Fed funds futures are showing roughly 71% odds of the central bank not hiking rates in June now. Mind you, it was roughly 70% in favour of a rate hike at the start of the week. That's a complete U-turn in terms of pricing as Fed policymakers delivered a somewhat coordinated message that they might very well "skip" a rate hike this month.And when you consider the balance of the situation now, the risks seem to be favouring further downside for the dollar rather than any major upside as we head in... Read More

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Content Topics

Risks

Skewed

Downside

Dollar

Ahead

Forex

Posted: Jun 2 2023, 10:49

Author Name: forexlive

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