Forex analytics and overview
U.S. Dollar rally not slowing down in June?
2023.06.05 13:41
The has continued its bullish trend in recent weeks, as markets focus on what the Fed is going to decide on their next meeting in a couple of weeks.
Some board members, Raphael Bostic and Neel Kashkari, have indicated that “skipping” a hike will be their preference, while others, like Loretta Mester and James Bullard believe the bank should continue hiking rates since inflation is getting sticky and difficult to dispose of.
On Friday, the US Bureau of Labour Statistics (BLS) also reported that rose by 339,000, hugely surpassing the market expectation of 190,000 and potentially increasing pressure for the Fed to hike interest rates again.
Here’s our anaylsis of what might happen with the dollar this month.
