The USD simultaneously increased again
Updated
According to CME Group's FedWatch Tool, Fed Funds futures traders are pricing in a 39% chance that the Fed could raise interest rates again later this year, but only a 6% chance of a hike. in the next month.
Fed Governor Christopher Waller recently said he wants to monitor whether the US economy continues to grow strongly or weaken this year in the context of the Fed's recent sharp increase in interest rates.
Meanwhile, New York Fed President John Williams also said that interest rates will need to remain high for a certain period of time to bring inflation back to the Central Bank's 2% target.
Fed Chairman Jerome Powell and several regional Fed presidents will give speeches today, October 19.
A series of recent economic data shows that US economic activity has been little changed over the past month, due to the gloom in the labor market, and prices continue to increase at a "modest" pace. .
Additionally, the greenback also benefited from its safe-haven status due to concerns about the conflict in the Middle East.
On the contrary, the Euro fell 0.38% to 1.0536 USD.
Fed Governor Christopher Waller recently said he wants to monitor whether the US economy continues to grow strongly or weaken this year in the context of the Fed's recent sharp increase in interest rates.
Meanwhile, New York Fed President John Williams also said that interest rates will need to remain high for a certain period of time to bring inflation back to the Central Bank's 2% target.
Fed Chairman Jerome Powell and several regional Fed presidents will give speeches today, October 19.
A series of recent economic data shows that US economic activity has been little changed over the past month, due to the gloom in the labor market, and prices continue to increase at a "modest" pace. .
Additionally, the greenback also benefited from its safe-haven status due to concerns about the conflict in the Middle East.
On the contrary, the Euro fell 0.38% to 1.0536 USD.
Note
BUY GBPUSD 1.21178 - 1.21300TP1: 1.21500
SL: 1.20900
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