Dollar Bounce Lacks Conviction as Aussie Extends Rally Ahead of Warsh

Why Dollar’s steadying looks like positioning ahead of Friday’s Warsh speech, while Aussie’s rally is being driven by genuinely new information What’s happening: Dollar steadied Thursday, but the move looks tactical rather than structural, September hike odds barely budged, from around 33% to 34%, so the more plausible drivers are month-end rebalancing flows and defensive
The post Dollar Bounce Lacks Conviction as Aussie Extends Rally Ahead of Warsh appeared first on ActionForex.

Why Dollar’s steadying looks like positioning ahead of Friday’s Warsh speech, while Aussie’s rally is being driven by genuinely new information What’s happening: Dollar steadied Thursday, but the move looks tactical rather than structural, September hike odds barely budged, from around 33% to 34%, so the more plausible drivers are month-end rebalancing flows and defensive […]

The post Dollar Bounce Lacks Conviction as Aussie Extends Rally Ahead of Warsh appeared first on ActionForex.

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