Daily Market Review: Fed Hikes by 75bps, BoE Takes the Central Bank Torch
Channel: JFD Brokers
Date: 2022-06-16

Daily Market Review by Charalambos Pissouros

The US #dollar traded lower against all the other major currencies on Wednesday and during the Asian session Thursday, with the second loser in line being the euro. The euro slid after #ECB President Lagarde tempered expectations with regards to the ECB helping indebted nations, while the dollar fell even after the Fed hiked by 75bps and matched market expectations with regards to the upcoming rate path. Today, the central bank torch will be passed to the BoE, which we expect to hike by 25bps and sound again concerned over a possible #recession.

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