USD lower, yields whacked on renewed Fed-cut bets

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Even as recently as two weeks ago, the thought of fed cuts were in the distant past. Yet a slew of weak data from the US since Friday including two consumer sentiment reports and a surprise PMI miss has seen markets reconsider a 25bp Fed cut in June. Today I cover bond yields, the US dollar index and futures exposure to update my dollar outlook.

Matt Simpson, Market Analyst at City Index and Forex.com



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