Now: Dollar is Losing Ground but Still has Hope
Dollar lost all of its gain from the Wednesday on Thursday. The government bond yield eased and the macroeconomy data for employment show weak figure put more pressure on the currency and later on catapult the positive environment into the Wall Street. Inflation still the main focus as people want to prevent the economy to become overheat.
The Vice Chair of Federal Reserve commented yesterday that the central bank will most probably not pause the current rate-hiking cycle as the inflation levels is still far above the current goal. Addition from the Cleveland Loretta Mester which state that the current inflation rate is still not peaked yet and it is still far too early to discuss the probability of pausing the tightening.
3 June 2022