#dxy

📣Speaking to the Senate Banking Committee on Wednesday, Powell acknowledged that a Fed rate hike could trigger a recession. At the same time, in response to a question about the possibility of the Fed considering a 100 basis point rate hike in the near future, Powell noted that they do not rule out a rate hike of any size. These comments strengthened market expectations that in July the US regulator will again raise the rate by at least 0.75%.

📈According to market participants, the bullish rally of the US currency is just beginning and DXY could reach 107.00.

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