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This is what the end of the Fed hiking cycle looks like

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

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