Today's Forex news: 3 European Central Banks Expected to Raise Rates Today; Fed Hikes Rates by 0.50%; Fed Sees Rates Above 5% in 2023, Powell: Fed Has “Ways to Go”;
The US Dollar gained during most of the Asian session, but there are initially signs that it is not being bought strongly anymore, so there is a chance for trends to reassert themselves today against the US Dollar.
Yesterday’s release of UK CPI data showed a fall in the annualized rate from 11.1% to 10.7% when a rate of 10.9% had been widely expected.New Zealand GDP data has been released showing the economy growing at 2.0% quarter-on-quarter, exceeding expectations of only 0.8%. Australian unemployment data came in better than expected, with net new jobs of 64k created against an expected 19k.Daily new global coronavirus cases % of the world’s population has received at least one dose of a coronavirus vaccinationmillion with an average case fatality rate of 1.
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