The Federal Reserve’s Neel Kashkari made an appearance yesterday and his words did much to surmise the US dollar’s quandary. With the economy slowing, two further rate cuts this year seemed the correct pace, Kashkari said, although if tariffs began to cause higher inflation the Fed might pause or even hike again. In other words, the US dollar is caught between a rock and a hard place.
EUR/USD: the past year
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