Bets on a Fed rate cut in June receded sharply following yesterday’s stronger than expected US CPI report. The drastic shift in sentiment led to steep decline in DOW and strong rally in Dollar index. FOMC minutes further cemented this outlook, revealing Fed’s cautious stance on interest policy easing and its desire for more evidence […]
The post DOW takes a dive and Dollar leaps, as traders start to dismiss June Fed cut appeared first on Action Forex.
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