Forex Trading Library

Dollar Cautious as Fed Plans More Rate Hikes!

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The Federal Reserve indicated they likely would continue with their rate hikes until inflation came down substantially.

They did not provide specific guidance for future increases, but early indications pointed to a half-point rate hike at the September meeting.

With the UK’s Retail Sales data being released tomorrow, will we see a shake-up in the pound pairs too?

EURUSD 01:50
GBPUSD 03:10

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