Turkey’s interest rate dilemma With higher than expected inflation and further Lira...
Date 11/06/2020 |
Reuters: FOREX-Dollar slumps to three-month lows on Fed easing speculation
Increased speculation on potential measures the U.S. Federal Reserve might take in order to control the recent rise in bond yields has kept the US dollar under pressure, which dropped to a three-month low on Wednesday, 10 June.
John Floyd, Head of Macro Strategies at Record, commented that, despite considering all options, they are unlikely to announce explicit targets, with no distinguishable benefits whilst the economy is reopening and U.S. employment data is strong.
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