Does anyone trade forex? Any thoughts on the USD direction?
Seems like every reason for the USD to go up has been exhausted, and all that remains is things weren't as bad as feared. The threat of tariffs continues to loom, but seems to be having less of an impact.
Maybe Powell will say something USD bearish on Wednesday, such as they are not even thinking about talking about hiking rates. Currency markets sure seem to flip out over the most unlikely things, as if the fed hiking rates is at all probable.
Seems like every reason for the USD to go up has been exhausted, and all that remains is things weren't as bad as feared. The threat of tariffs continues to loom, but seems to be having less of an impact.
Maybe Powell will say something USD bearish on Wednesday, such as they are not even thinking about talking about hiking rates. Currency markets sure seem to flip out over the most unlikely things, as if the fed hiking rates is at all probable.
