Despite strong initial performance this week, the U.S. dollar may hover steady as market dynamics hinge on geopolitical developments, specifically in Europe.
John Williams emphasized a data-dependent approach from the Federal Reserve, noting optimism about the U.S. economy amidst easing inflation, hinting at possible rate cuts.
The mixed expectations from the market regarding rate cuts reflect the uncertainty surrounding Federal Reserve's next steps and the potential impact on the dollar's strength.
Upcoming economic indicators from the U.S. and Europe may increase volatility for the dollar, especially given the pressures it faces from external factors.
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