After hawkish Fed comment, economic data, US dollar advances

By X-blogger - on June 26, 2024
US Dollar Index daily chart (w/ Moving Average Multiple)

The U.S. dollar rose, bolstered by hawkish comments from Federal Reserve officials as well as data showing a stable housing market in the world’s largest economy, both suggesting that the central bank will not be in a rush to kickstart its rate-cutting cycle.

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