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    Federal Reserve's June hike odds lower

    US-dollar began to fall again

    Baku. 19 April. REPORT.AZ/ Together with the decrease in inflation expectations the probability of Fed interest rate hike in June lowering. 

    Report informs citing the Bloomberg.

    The odds of a hike have fallen back to about 44 percent from more than 60 percent earlier this month, based on a gauge compiled by Bloomberg. Yields on federal funds futures contracts for June and July are retreating as investors scale back forecasts for a move. Two-year Treasuries, among the most sensitive to Fed policy expectations, are poised for their first two-month rally in a year.

    Investors are questioning the strength of the U.S. economy and the Fed’s plan to raise rates three times in 2017 after a weaker-than-expected March jobs gain and a surprise monthly drop in consumer prices. They’re also voicing disappointment that President Donald Trump’s proposed tax cuts and infrastructure spending plans have yet to materialize.

    Notably, the exchange rate of the dollar against the major currencies began to decline again yesterday.

    As a result, euro exchange rate against dollar strengthened by 1% and reached 1.0730 USD/EUR, a pound sterling rate rose by 3% and reached 1.29 USD/GBP.

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