EUR/USD's potential for growth remains
According to FedWatch, investors' confidence that the Fed will raise its interest rate at its next meaning is fading.
According to FedWatch, investors' confidence that the Fed will raise its interest rate at its next meaning is fading. The market currently gives this only a 55% probability of happening. Amidst uncertainty, some investors have closed their short positions in major reserve currencies and gold, which has led to a correction for the dollar index. The EUR/USD pair retains its potential to rise.
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