US inflation once again beat expectations, causing markets to further discount the chances of an easing cycle starting in June. The dollar responded with a 1% rise against a basket of major currencies, taking the DXY back to 104.80. The dollar recorded two peaks near these levels in February and late March, and it has […]
Markets The Fed’s policy rate was left unchanged at the March meeting yesterday (4.25-4.5%). The decision was a unanimous one. It was accompanied with a slower pace in QT with the cap on the UST roll-off lowered from $25bn to $5bn. Fed Waller opposed against the latter, favouring to hold the pace steady. The possibility […]
The post EUR/USD Kept the 1.09, But Barely appeared first on Action Forex.
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