Dollar Weakens as Traders Boost Bets on 50bps Fed Cut
Traders continue to ramp up bets on a 50bps rate cut by Fed this Wednesday, with market odds now sitting at 65%. This increasing expectation is driving DOW futures higher, positioning the index for a potential new record high in the upcoming regular trading session. However, S&P 500 and NASDAQ are showing less momentum, struggling […] The post Dollar Weakens as Traders Boost Bets on 50bps Fed Cut appeared first on Action Forex.
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Traders continue to ramp up bets on a 50bps rate cut by Fed this Wednesday, with market odds now sitting at 65%. This increasing expectation is driving DOW futures higher, positioning the index for a potential new record high in the upcoming regular trading session. However, S&P 500 and NASDAQ are showing less momentum, struggling […]
The post Dollar Weakens as Traders Boost Bets on 50bps Fed Cut appeared first on Action Forex.
