
DXY Spike Pins EUR/USD Below 1.15 After Hawkish Fed
EUR/USD is trapped below 1.15 after DXY hit a one-year high, with the Fed's hawkish hold keeping dollar bulls in control.
Jun 19, 20267 min read0 reactions0 comments
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EUR/USD is trapped below 1.15 after DXY hit a one-year high, with the Fed's hawkish hold keeping dollar bulls in control.

Peace talk softened oil, but DXY still won't crack while Hormuz remains the inflation tripwire.

DXY is holding near 99.80 as hot PPI hardens Fed bets and Hormuz risk pulls traders into the dollar.