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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 […]

The post Dollar Rises on Fed Reassessment, But Reversal Pending Confirmation appeared first on Action Forex.

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Dollar’s Decline Slows as Selling Momentum Eases
04/07/2024

Dollar’s Decline Slows as Selling Momentum Eases

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Market Upturn as Inflation Cools; Stocks Climb, Euro and Dollar Falter
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Financial markets were dominated by themes of cooling inflation, a slowing economy, and increasing expectations of policy easing by both ECB and Fed last week. This convergence of factors ignited a full risk-on mode among investors, propelling major US stock indexes and Germany’s DAX to sharp gains. In tandem, benchmark treasury yields in both Europe […]