US Dollar Index: DXY edges higher past 104.00 as markets reassess Fed bets – by anilpanchal7 DollarIndex Fed RiskAversion Currencies YieldCurve
th to the greenback’s gauge versus the six major currencies is the sluggish markets and the US policymakers’ ability to avoid the ‘catastrophic’ default. The same increased bond market moves and fuels the odds of a rate hike by the Federal Reserve in July, if not in June.
With this in mind, Reuters said, "Fed funds futures traders see the Fed as likely to then resume rate increases, with a 65% chance of an at least 25 basis-point increase in July, according to the CME Group's FedWatch Tool." It’s worth mentioning that the interest rate futures show a nearly 15% probability of a June rate hike.
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