The US Dollar index remained stable near multi-year lows due to cautious investor sentiment before the Federal Reserve’s policy decision. While the Fed is expected to maintain current interest rates, market focus shifts to economic projections and the tone of Chair Powell's comments for future insights. Upcoming retail sales data could heavily influence market expectations, with predictions of a 0.7% decline, potentially strengthening views on near-term rate cuts. Treasury yields held steady, indicating responsive investor behavior to future Federal hints.
The US Dollar index traded within a narrow range on Tuesday, consolidating near multi-year lows as investors adopted a cautious stance ahead of the Federal Reserve's policy announcement.
Investors will focus on today's US retail sales data, which is expected to show a 0.7% decline. A larger-than-expected drop could reinforce bets on Fed easing.
Collection
[
|
...
]