Policy Uncertainty Bolsters US Dollar Amid Limited Fed Guidance
Softer June CPI data has eased near-term inflation worries, but unclear Fed rate path continues to drive policy uncertainty, supporting the greenback.
USD
According to BNY’s Geoff Yu, the softer-than-expected June CPI print has reduced immediate inflation concerns. However, the Federal Reserve’s limited forward guidance is fueling policy uncertainty. This dynamic is providing support for the US Dollar, as markets lack a clear rate path.
Source: FXStreet Forex News