Dollar Rises on Fed Clarity, Oil Jumps on Rising Fears of Wider Middle East War
The financial markets gained much-needed clarity last week as strong US employment data aligned market expectations with Fed’s own monetary policy outlook. The possibility of a 50bps rate cut in November has now vanished, with traders anticipating two more standard 25bps cuts this year, matching Fed’s dot plot. This development boosted Dollar, which ended the […] The post Dollar Rises on Fed Clarity, Oil Jumps on Rising Fears of Wider Middle East War appeared first on Action Forex.
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The financial markets gained much-needed clarity last week as strong US employment data aligned market expectations with Fed’s own monetary policy outlook. The possibility of a 50bps rate cut in November has now vanished, with traders anticipating two more standard 25bps cuts this year, matching Fed’s dot plot. This development boosted Dollar, which ended the […]
The post Dollar Rises on Fed Clarity, Oil Jumps on Rising Fears of Wider Middle East War appeared first on Action Forex.
