Weak US ADP employment data (44k, well below expectations) reinforced the market's already-building conviction that the Fed has room to hold rates, a narrative driven primarily by growing optimism that the Strait of Hormuz could reopen soon and ease energy-driven inflation risk.
The post Dollar Slips as Weak ADP Reinforces Fading Fed Hike Bets appeared first on ActionForex.
Weak US ADP employment data (44k, well below expectations) reinforced the market’s already-building conviction that the Fed has room to hold rates, a narrative driven primarily by growing optimism that the Strait of Hormuz could reopen soon and ease energy-driven inflation risk.
The post Dollar Slips as Weak ADP Reinforces Fading Fed Hike Bets appeared first on ActionForex.
