Data releases were sparse last week from the world’s largest economy following the Fed meeting the week prior. Trading was rather muted as a result with the major economic news and data releases coming from the UK and Europe. The Dollar ticked up slightly following a dovish hold by the BoE, which indicated a summer rate cut may be on the way.
Published on 15 May 2024
Sparse data releases from the world's largest economy post-Fed meeting led to subdued trading, while major economic updates from the UK and Europe drove market activity, with the Dollar edging up after the BoE hinted at a potential summer rate cut.
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