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The Federal Reserve is the central bank of the US. With the USD being the world’s most widely used currency, the Fed is seen as the world’s most important central bank.
This week has been characterised by choppy and indecisive trading. Uncertain markets have been weighing up the implications of the lower US CPI and the pushback from FOMC speakers to a Fed pivot.
With US Treasury yields moving higher once more the outlook for USD has improved. We look at what this means for major forex pairs.
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