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Is The Fed Skipping June Rate Hike?
The focus of attention is currently directed towards the U.S. Senate, where the passage of the debt limit is being closely observed. Concurrently, senators are engaged in debates concerning 11 amendments to the bill. The value of the dollar has experienced a significant decline of over 0.6%, largely influenced by the expressed …
Dollar Rises On Debt Ceiling Optimism And Hawkish Fed Tone
The dollar has its highest since March as Fed meeting participants lean hawkish even as punters expect a hike pause in June. Important this week: the Fed meeting minutes released on Wednesday and more updates on the U.S. debt ceiling talks. The minutes for the Fed’s May 2-3 meeting was released yesterday, …
Dollar Boosted By Fed’s Hawkish Comments
A bounce in the U.S. dollar has put downward pressure on oil and gold prices Equity markets were stagnant while the dollar has strengthened, driven by hawkish comments from various Fed officials stressing high inflation in the U.S. On the other hand, President Joe Biden and the country’s congressional leaders are going …
