USD Index struggles around 103.60 amidst debt ceiling optimism, looks at Fed – by pabspiovano DollarIndex Currencies Majors Fed
might raise rates in June instead of pausing its tightening cycle. On this, Dallas Fed L. Logan said on Thursday that recent data does not justify an, while CME Group’s FedWatch Tool sees the probability of another 25 bps rate hike at around 37% from nearly 15% a week ago.
The index manages well to leave behind the recent multi-week consolidation theme, setting aside at the same time initial weakness following the recent indication that the Fed will probably pause its normalization process in the near future.
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