EURO will continue to increase after a short period of weakness
Chief market strategist at Lazard in New York commented: “US economic strength continues to surprise the market. The Fed's rate hike cycle may be over, but positive economic data will likely pave the way for additional rate hikes.”
For example, positive data exceeding expectations in the US employment report last weekend could strengthen the stance of the US Federal Reserve (Fed) and boost the greenback. price increase. The currency is now heading for its 12th consecutive week of gains against other currencies.
According to CME Group's FedWatch Tool, traders are placing a 27.7% chance of another U.S. rate hike in November and a 46.3% chance of a rate hike in December. Futures are currently shows that the Fed's lending interest rate will remain above 5% until September 2024.
For example, positive data exceeding expectations in the US employment report last weekend could strengthen the stance of the US Federal Reserve (Fed) and boost the greenback. price increase. The currency is now heading for its 12th consecutive week of gains against other currencies.
According to CME Group's FedWatch Tool, traders are placing a 27.7% chance of another U.S. rate hike in November and a 46.3% chance of a rate hike in December. Futures are currently shows that the Fed's lending interest rate will remain above 5% until September 2024.
