Weekly Fundamental US Dollar Forecast: Fading Rate Hike Odds Bode Poorly
June 26, 2022 at 18:59 PM EDT
With Fed rate hike odds beginning to retreat, the US dollar fell for the first time in four weeks, dropping by -0.26%. EUR/USD rates added +0.61% while GBP/USD rates gained +0.44%. The decline in US Treasury yields weighed on USD/JPY rates.
