The reading represents the highest for the year so far, though it remains below the 50-year average of 98 for the 29th month running. For some context, the last time the reading was at or above the average was all the way back in December 2021. Looking at the details, the uncertainty index rose up to 85 points – its highest since November 2020. It seems like political uncertainty is starting to creep into the picture.
This article was written by Justin Low at www.forexlive.com.
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