Forex Top Team

25bp rate hike speculation at February FOMC rises to nearly 90%

Expectations for a 25 basis point rate hike at the February FOMC rose to 87.2%, nearly 90%, according to CME FedWatch.

 

Yesterday it was around 76.7%.

 

Reacted to the fact that the US consumer price index showed a declining trend as expected.

 

The US 10-year bond yield fell to the 3.46% level, and the dollar selling pressure is spreading in the foreign exchange market.

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12th in July 2024, Today’s Options

EUR/USD: EUR amounts 1.0650: €1.8 billion 1.0690: €1.1 billion 1.0695: €873 million 1.0700: €896 million 1.0800: €1.7 billion 1.0850: €2.4 billion 1.0900: €934 million USD/JPY:

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