Dollar Softens Ahead Of CPI Data

0
14
views

King dollar loosened its grip on the FX throne today, weakening against all G10 currencies excluding the Japanese Yen.

Dollar bulls were missing in action, even after Federal Reserve Chairman Jerome Powell stated during his Senate confirming hearing that the central bank was likely to raise interest rates this year. Given all the hype and mounting anticipation around the U.S. inflation data on Wednesday afternoon, the next few hours could become tense and nervy. We could experience a calm before the raging storm with dollar volatility certainly on the cards. In the meantime, this will… Read More:

For all Articles related to FXTM please click here

OPEN AN ACCOUNT WITH FXTM