Daily Market Update

CAFX Market Update 28/07/2022

The US dollar fell overnight, following the US Federal Reserves monetary policy decision to hike interest rates by 75bps.  The hike, inline with expectations, takes the target range to 2.25-2.5%. Of note from the event was Jerome Powell’s press conference, where he said that rates had reached neutrality.  Powell said that it’s time to move

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