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Welcome to Fed day

Welcome to Fed day
That will kick start the central bank bonanza this week, with the ECB and BOJ also still to come in the days ahead. Fed funds futures show that a 25 bps rate hike is fully priced in now and with little pushback, there should not be any major surprises by the Fed today. Here's a look at the curve:As you can see, traders are still holding out on higher rates even after the setback from the softer CPI data as evident by the red line. This has also helped the dollar find somewhat of a footing in the... Read More

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Posted: Jul 26 2023, 03:57
Author Name: forexlive
Views: 102612

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