We might have to amend my DXY strength bias as it was flawed because I did not take into account FOMC tonight. With expected rate cuts of 25 bips we might observe USD weaken. With DXY already near R1, we might observe USD weak today. two conflicting events happening simultaneously.
1. expected results of Trump's future policy
vs
2. 92% chance of a 25 bips rate cut tonight.
that will be interesting to watch how this plays out in coming weeks.
1. expected results of Trump's future policy
vs
2. 92% chance of a 25 bips rate cut tonight.
that will be interesting to watch how this plays out in coming weeks.
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