Forexlive European FX News 22 Jun – Risk constructive, but USD flat awaiting hints from Powell. 0 (0)

European Session June 22 
Other markets
– FTSE +0.22%
– Euro Stoxx -0.3%%
– Italian FTSE -0.43%
– Dax +0.05%
– CAC +0.05%
Oil was further supported on demand recovery hopes & OPEC+ is making sure supply is tight. Private inventory data out tonight.  The drag on inventories and the pushing out of  alongside raising bullish forecasts have all supported the crude complex.  The

Go to Forexlive

USD strength ahead on inflation fears from the Fed? 0 (0)

Hawkish dot plot shift 
The latest FOMC meeting saw a hawkish tilt that the market had not been expecting. Going into the meeting there was anticipation that a hawkish outcome could involve projections for a 2023 median rate hike. In the end the dot plot saw more members opting for earlier rate hikes in this meeting

Go to Forexlive