US Dollar Forecast: Bullish Bias Intact ahead of FOMC, Hawkish Guidance to Boost DXY - DailyFX

The U.S. dollar is likely to rise next week if the Fed signals at its June meeting that it will have to raise rates more aggressively in response to broadening inflationary pressures.

US DOLLAR OUTLOOK: BULLISH

• The U.S. dollar, as measure by the DXY index, rises about 2% for the week, supported by soaring U.S. Treasury rates
• The FOMC meeting will be the highlight… [+3127 chars]
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