The dollar long con ...Middle East

forex live - News
The dollar long con
As the Fed looks to cut interest rates further, the general thinking is that it should weigh on the US dollar. But with traders pricing in ~163 bps of rate cuts by June next year, is there really much more to squeeze out of this trade?If the Fed goes by 25 bps every meeting from here, that's only another 150 bps of rate cuts to go until then. It indicates that market players are hoping for a little more and that's also evident by the initial 50 bps push for November. Those expectations have been pared back a fair bit now after Fed chair Powell's remarks yesterday.The thing is, there's now two sides in looking at all of this.On the one hand, history shows that markets have a tendency to overp

Read More Details
Finally We wish PressBee provided you with enough information of ( The dollar long con )

Also on site :