The initial reaction in the FX market was as expected yesterday after Fed Chair Powell’s hawkish remarks at Jackson Hole. A rise in 2y US yields by as much as 10bp, to 3.48%, reflecting the increased probability for a 75bp hike in September, helped the U.S dollar index, the DXY, to print at 109.47, its […]
The post DXY Hits the Brakes – Will the Euro Fly Right By? appeared first on Action Forex.
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