Beware of jumping off the USDOLLAR bandwagon too soon
The USDOLLAR has pulled back, but this may be a dip in the uptrend.
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The USDOLLAR has pulled back, but this may be a dip in the uptrend.
CPI Inflation accelerated 9.4% y/y in June as today’s data showed, aggravating cost-of-living fears, while the Pound consolidates it recent gains against the greenback
A Reuters report suggests that officials of the European Central Bank will discuss about raising rates by 25 or 50 bps, which sends the pair higher, whereas bets for an outsized move by the Fed cool down
The pair starts the week on the offensive, helped by supportive BoE commentary and the greenback's slide, as market expectations around the Fed settle down
Two prominent hawks poured cold water on market bets for 1% rate increase and the pair backs-off today, from Thursday’s twenty-four year highs
Wednesday’s new inflation surge in the US has led to a hawkish repricing by markets for the Fed’s next rate move, but the pair shows resiliency and tries to defend parity
The BoC surprised with a 100bps hike. The market was expecting 75bps, which was already a pivot from an earlier expectation of 50bps.
EURUSD hit parity earlier in the day. However, the underlying fundamentals may drive it even lower.
The pair extends its decline, as the Dollar’s appeal remains high amidst poor sentiment and favorable monetary policy differential
The governing Liberal Democratic Party is set to expand its majority in the Upper House, after Sunday’s elections, with USD/JPY breaking fresh ground today
Fears of recession have caused the pair to plunge this week, while Fed officials pressed on the tightening front, with hawkish comments
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