USD Index extends the corrective decline to the 103.80 region – by pabspiovano DollarIndex Currencies Majors
Expectations of a Fed’s pause in June remain high., adds to Monday’s retracement and slips back to the 103.80 region ahead of the opening bell in Euroland on Tuesday.The index now extends the pessimism seen at the beginning of the week and leaves behind the 104.00 barrier on the back of firmer appetite for the risk-associated complex.by the Federal Reserve at its gathering on June 14.
In the meantime, bets of another 25 bps at the Fed’s next gathering in June suddenly reversed course in spite of the steady resilience of key USBolstering a pause by the Fed instead appears to be the extra tightening of credit conditions in response to uncertainty surrounding the US banking sector.
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