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It was a highly volatile week which cannot be characterized by a single theme. Yen had a sharp and robust rally against all major currencies, continuing its rebound from the 38-year lows hit earlier this month, with market participants unwinding their long-held short positions. Alongside Yen, Swiss Franc and Dollar also emerged as winners, although […]

The post Multiple Themes Play Out in Turbulent Week, Yield Curve De-Inversion Most Significant appeared first on Action Forex.

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Dollar Recovers Post-Hawkish FOMC Minutes, EUR/GBP in Focus
23/05/2024

Dollar Recovers Post-Hawkish FOMC Minutes, EUR/GBP in Focus

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Dollar’s fleeting post-CPI rally was very short-lived. The greenback quickly reversed its initial gains and has since been trading within a narrow range against other major currencies. Traders appear relatively unfazed by the stronger than expected inflation readings, with markets still pricing in more than 70% chance on Fed cutting interest rate in March. This […]