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Rate hike odds improve sharply after FOMC minutes
After yesterday’s FOMC minutes gave clearest indication ever for a June rate hike, interest rates market have adjusted sharply in anticipation of such.
As per the minutes, many participants believed a riser would be appropriate at June meeting if the economic data and job market conditions continue to improve as inflation heads towards 2% target in the medium term.
Dollar index is currently trading at 95.22, down -3.45% YTD.
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