Subscribe To
This is what the end of the Fed hiking cycle looks like
The US dollar has fallen hard across the board with USD/JPY erasing the entirety of today's earlier move. That comes after a pair of big economic data misses.JOLTS job openings plunged to the lowest since March 2021 and the three-month decline of 2.55 million job openings is the largest on record. Meanwhile, US consumer confidence sank to 106.1 from 117.0; it was expected to tick slightly lower to 116.0.This could be the start of a relatively quick decline in economic data as pent-up savings fr...
Read More
Posted: Aug 29 2023, 14:18
Author Name: forexlive
Views: 102149