Foreign Hikes start pricing in = Opportunity knocks

As expected, the Dollar started easing after foreign central banks started increasing rates.

Higher rates= higher, more expensive currency.

Especially the ECB (Europe/Euro):

The European Central Bank may keep raising rates, but they are unlikely to be be as large as last week’s 75-basis-point rate hike, said ECB Governing Council member Edward Scicluna.
Scicluna said he does not think 75 basis points is going to be the norm in the short term. That’s because pressures on the main source of Europe’s inflation — energy and food — will ease, he added.
He raised concerns that current measures employed by European governments to alleviate the pain of soaring energy costs could be inflationary.

Time to look at some forex trades?

One Love,

The FXPROFESSOR

PS. Bought perfectly here when everyone was talking about a doomed dolalr: .Time to go short now