DXY is bearish for interest rate cuts
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Although the Fed is ready to reduce interest rates in 2024, the deep cuts expected by the market are unlikely to come true. With the US economy growing well and the process of reducing inflation stalling, policymakers will not dare to loosen policy for fear that this will affect the process of price stability. .
In light of recent developments, it would not be surprising to see Fed officials take a proactive stance in the coming days and weeks to counter the overly dovish stance projected by Wall Street. This strategy could help stabilize Treasury yields ahead of a potential change, a scenario that could give the U.S. dollar a boost in the near term.
In light of recent developments, it would not be surprising to see Fed officials take a proactive stance in the coming days and weeks to counter the overly dovish stance projected by Wall Street. This strategy could help stabilize Treasury yields ahead of a potential change, a scenario that could give the U.S. dollar a boost in the near term.
Nota
SELL DXY 102.35TP: 102.00
SL: 102.60
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