Hawkish fed pushes $ to pitchfork slope

After the already priced in 25bps cut from the fed on Wednesday followed by hawkish commentary from Jerome Powell (One and done sentiment for cuts) the dxy pushed to a 2 year high and right into a key long-term technical level.

However, following that decision, the US had some weak ISM manufacturing data on Thursday & potentially a rise in tariffs on China announced by Trump

Data releases will be key, with any weakening data likely to push a 50bps cut potential higher

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