US Dollar Rise on Fed Rate Hike Bets at the Mercy of Team Trump
US Dollar Rise on Fed Rate Hike Bets at the Mercy of Team Trump
Not surprisingly, the same dynamic put the US Dollar under pressure. The Minutes document painted Fed officials as more cautious than the fiercely hawkish rhetoric on offer recently. This seemed to pour a bit of cold water on the likelihood that a hike will materialize in March, although the priced-in probability of one didn’t budge from the 34 percent reflected in Fed Funds futures ahead of the release.
US Dollar may rebound as fresh Fed-speak keeps March hike in play
Not surprisingly, the same dynamic put the US Dollar under pressure. The Minutes document painted Fed officials as more cautious than the fiercely hawkish rhetoric on offer recently. This seemed to pour a bit of cold water on the likelihood that a hike will materialize in March, although the priced-in probability of one didn’t budge from the 34 percent reflected in Fed Funds futures ahead of the release.
US Dollar may rebound as fresh Fed-speak keeps March hike in play
