Trader confidence has increased on the Federal Reserve’s action to boost liquidity and hopes of a fiscal package to boost the US economy. However, the market rally is fragile and may not last long.
<p>ECB Governing Council member and head of Slovakia’s central bank, Peter Kazimir, indicated in an opinion piece that the possibility of further rate hikes remains on the table. Also,
The Aussie is under increasing bearish pressure amid the unfavorable risk environment Hawkish Fed rhetoric is prompting investors to reassess Fed easing expectations and boosting the US Dollar.
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