EUR Trader

June 17 2021

The FOMC dot plots point to 2 US Interest rate rises by the end of 2023.
13 of the 18 Fed policymakers are looking for this type of higher move in US interest rates.
US Bond Yields jumped albeit from a low level. However, 10-year bond yields are still lower than before US CPI a week ago.
The USD rose quite sharply following the Fed meeting, and Jerome Powell’s press conference as the FOMC Chair was upbeat on the US economy and labour markets.

Well, after all the excitement and the ripping up of bullish Euro forecasts, is this move in the US Dollar really sustainable?

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contact us if you want to know our EURUSD outlook at support@8dragonstrade.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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