MarketsDaily - Forex Trading News & Market Analysis

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MarketsDaily - Forex Trading News & Market Analysis
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Thursday May 16, 2024

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Tag "cmegroup"

USD Weakens In Absence of Fed Guidance

Fed funds futures now pricing rate hike chance at 6%
CME FedWatch Tool places rate hike chance at 45%

With the Feds slowly killing all hopes of a rates hike anytime soon, the dollar today fell against many major currencies, the dollar was also largely undermined by the recent soft US economic data that rattled the anticipation for an interest rate hike this year by the Federal Reserve Bank.…

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Tag "cmegroup"

USD Weakens In Absence of Fed Guidance

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