Daily FX Market Roundup 06.15.2022 By Kathy Lien, Managing Editor By raising interest rates 75bp to 1.75% at their June monetary policy meeting, the Federal
The Federal Reserve’s aggressive plans for tightening this year is the main reason for robust dollar demand but the prospect of Quantitative Tightening, which is the opposite of quantitative easing caused investors to shrug off mixed data and step up their purchases this month.
By Kathy Lien, Managing Editor Oil prices soared above $100 a barrel driving equities and currencies sharply lower. Euro and sterling were hit the hardest
This is supposed to be a week focused on data that would shed light on how the U.S. and global economy has been faring since the beginning of the year.