Surprise Chicago PMI Read Shakes FX Market

Thursday’s booming Chicago PMI print caught the currency market off guard, forcing a repricing of Fed expectations.

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Thursday’s booming Chicago PMI print caught the currency market off guard, forcing a repricing of Fed expectations. The data once again reinforces a higher for longer Fed policy trajectory, which in turn has moved yield differentials back in favor of the Buck.

Video Length: 00:00:49


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