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The Dollar Still Looks Fragile - Action Forex

The dollar still looks fragile. In a ST perspective EUR//USD 1.0909 marks this week’s low with 1.0831 first important support. The topside of the ST range stands at 1.1076. After stronger/higher than expected labour data and inflation this week, UK retail sales printed on the soft side of expectations (sales ex-auto fuels 1.0% M/M). Sterling is losing marginally in a first reaction (EUR/GBP 0.882).
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Fed's Evans sees year-end rates at 2.25%-2.5%, and then likely higher | Hellenic Shipping News Worldwide

Chicago Federal Reserve Bank President Charles Evans on Tuesday said the Fed could raise its policy target range to 2.25%-2.5% by year end and then take stock of the state of the economy, but if inflation remains high will likely need to hike rates further. “Probably we are going beyond neutral — I mean, that’s ...
New York United States Economic Club Of New York Chicago Federal Reserve Bank Federal Reserve Bank President Charles Evans Economic Club

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