The Fed may pause its rate hikes
Unexpected decisions by the central banks of Canada and Australia to raise rates prompted many investors to reconsider their expectations that the Fed might pause its rate hikes. However, according to the CME FedWatch tool, the probability that the Fed will not change the cost of borrowing at its next meeting has fluctuated in the past week between 25% and 30%. If the interest rate remains unchanged, EUR/USD pair quotes will increase significantly.
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