The dollar index fell 0.41% to 103.93, with the highest since March 20 at 104.54, after rising 0.1% yesterday, the sixth profit in a row, marking the longest such streak of daily gains this year amid high pricing for another Fed rate hike in June.
Following such data and bullish remarks by Fed officials, chances of a 0.25% Fed rate hike in June rose from 40% to 62%. Still 15 days ahead of the rate decision.
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Following such data and bullish remarks by Fed officials, chances of a 0.25% Fed rate hike in June rose from 40% to 62%. Still 15 days ahead of the rate decision.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.