Dollar Strengthens Mildly Amid Market Calm, Sterling Weakens

Global financial markets lack clear direction today. Major European stock indexes are trading slightly lower, while US futures indicate a modestly higher open. Investors are unfazed by the assassination attempt on former US President Donald Trump, maintaining a calm stance. Focuses are turning to Fed Chair Jerome Powell’s upcoming speech, where the market hopes to […]

Asian markets started the week on a weak note, with sharp declines following the broader selloff in US markets after last week’s non-farm payroll report. Adding to the bearish mood was weaker-than-expected inflation data from China, which dampened sentiment further. However, the reaction in the forex market has been somewhat muted, with commodity-linked currencies, like […]

Dollar ended the week as the strongest currency, boosted by the fresh round of inflation data that led markets to reassess expectations around Fed’s rate cuts. This recalibration was also marked a pronounced rebound in treasury yields and a notably cautious sentiment pervading the stock market. Despite this rally, Dollar remained confined within the previous […]