The Dollar has liked Donald Trump's top picks so far, but his choice for Treasury Secretary could matter the most.
Pound Sterling has come under notable pressure against the Dollar as markets prepare for the second Trump administration, but we think relief is in store this week.
U.S. Dollar Surprisingly Soft After Powell Casts Doubt on December Rate Cut: Trading Point
- Category: USD
Federal Reserve rate cut expectations were dramatically pared back on Thursday after Jerome Powell rounded up the week’s hawkish rhetoric by adding to the sense of caution about the pace of easing.
... but both European currencies are now oversold against the Dollar on a tactical basis.
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