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Dollar looks to settle lower after some back and forth trading this week ...Middle East
If the Fed wants to organise things in an orderly manner, the market sure isn't letting them do so. The odds of a 50 bps rate cut dwindled after the US CPI report earlier this week but were reignited again in trading yesterday. The odds of that have moved back up to ~45% now.There wasn't much of a key trigger with the weekly jobless claims coming in steady while producer prices were more mixed at the balance when accounting for the revisions. Still, the dollar tracked lower and is keeping that way alongside Treasury yields.It is now reaffirming a break lower in USD/JPY again, with eyes turning towards the December 2023 low at 140.24 and the 140.00 mark in general.Besides that, EUR/USD also c
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