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Market Data Network

DOVISH POWELL KEEPS DOLLAR BULLS IN CHECK

Post Date: 02 May 2024

The Fed's nod to the recent run of stronger US data was a soft one at last night's FOMC meeting, and it was clear that the Powell Fed would love to cut rates given half a chance. This has taken the steam out of the stronger dollar and puts the ball fairly back into the court of the US data calendar - especially tomorrow's jobs report. Look out for a CNB meeting today


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