Traders continue to favour dovish bets amid the lack of positive developments on tariffs ...Middle East

Rate cuts by year-end

Fed: 88 bps (81% probability of no change at the upcoming meeting) ECB: 85 bps (99% probability of rate cut at the upcoming meeting) BoE: 83 bps (85% probability of rate cut at the upcoming meeting) BoC: 50 bps (57% probability of no change at today's meeting) RBA: 120 bps (86% probability of 25 bps rate cut at the upcoming meeting)RBNZ: 78 bps (99% probability of rate cut at the upcoming meeting) SNB: 29 bps (86% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

BoJ: 10 bps (99% probability of no change at the upcoming meeting

We can see that compared to yesterday's update, traders stepped up slightly their dovish bets. The most notable changes (although still relatively light) have been with the BoE, given the lower than expected UK CPI, and the BoJ, after dovish comments from BoJ Governor Ueda.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( Traders continue to favour dovish bets amid the lack of positive developments on tariffs )

Also on site :

• Egyptian Actor Soliman Eid dies after sudden health crisis
• Assault suspect shot by police at Morgan Hill Safeway
• How will Trump’s tariffs impact the Suez Canal?