US EditionMarkets continue to underestimate the Fed - Monex Europe
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Markets continue to underestimate the Fed - Monex Europe
Despite the gloom that has surrounded the dollar recently, it looks to have succeeded in recording a third consecutive week of gains. While not a spectacular performance, the DXY index is still trading above 100 as of writing, having been helped higher by a busy week of events that included some notable Fed hawkishness, and news of a UK-US trade agreement. The former saw Fed Chair Powell push back on market expectations following the May FOMC me…
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