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Daily market commentary: The US Dollar bounced back after the Federal Reserve announced a 0.5% interest rate increase

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According to the figures, consumer prices rose less than anticipated for the second consecutive month. This supports the case for slow rate hikes. The Fed will likely announce a 50 basis point increase, rather than the previously assumed 75bp. This background suggests that there could be more dollar weakness.

Ricardo Evangelista – Senior Analyst, ActivTrades


Disclaimer: The opinions expressed by the authors are their own and do NOT reflect the views of LeapRate. This is not intended to be a trading recommendation.

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