Daily digest market movers: DXY sees some upside as markets brace for CPI
- The dual effect of Powell's speech coupled with mixed employment data seems to cap any upward movement of the USD.
- Investors keep their expectations steady for a June interest rate cut by the Fed, predicting a total easing of 100 basis points for this year.
- This week's data poses a lopsided risk for the Greenback as weakened inflation or Retail Sales data from February will further support the argument for a June rate cut.
- US Treasury bond yields are on the rise, trading at 4.51%, 4.07%, and 4.09% for the 2-year, 5-year and 10-year bonds, respectively.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.