Triki
Interest rate trends have remained important on Wednesday following the Bank of England minutes that recorded two votes for a rate cut in June. This will maintain the speculation over a general cut in European rates, in contrast to the US where the Fed will increase rates next week. This combination should offer support to the US currency, but the overall evidence suggests that the market is not comfortable selling the Euro below 1.21 against the dollar and Sterling below 1.82 against the dollar.
Avoid buying dollars without at a corrective retreat to at least 1.2160 and 1.8260.
Interest rate trends have remained important on Wednesday following the Bank of England minutes that recorded two votes for a rate cut in June. This will maintain the speculation over a general cut in European rates, in contrast to the US where the Fed will increase rates next week. This combination should offer support to the US currency, but the overall evidence suggests that the market is not comfortable selling the Euro below 1.21 against the dollar and Sterling below 1.82 against the dollar.
Avoid buying dollars without at a corrective retreat to at least 1.2160 and 1.8260.
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