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UUP - Investors Are Skeptical That The Fed Can Achieve A Soft-Landing. Can The BOE Do Better?
Invesco DB USD Index Bullish Fund
The markets continue to digest the implications of yesterday's Fed move and Beijing's signals of more economic supportive efforts as the Bank of England's move awaited.
The euro reached a five-day high in early European turnover today, slightly above $1.1065.
The dollar typically rallies ahead of the first Fed hike in recent cycles and then weakens as tightening phase progresses.