The US Dollar index remains near multi-year lows following improved investor sentiment after a ceasefire between Israel and Iran. Despite limited damage to Iran's nuclear facilities, geopolitical uncertainty persists, resulting in diminished demand for the dollar as a safe haven. Fed Chair Jerome Powell emphasized a cautious approach in his congressional testimony, signaling that rates will likely hold until tariff-related inflation becomes clearer. Market speculation suggests potential rate cuts ahead, as US Treasury yields drop in anticipation. Key economic data will be monitored for insights into the Fed's future actions and dollar trends.
The US Dollar index remained near multi-year lows as geopolitical tensions eased and investor sentiment improved, indicating a shift in safe-haven demand.
Jerome Powell reiterated the Federal Reserve's cautious approach, suggesting that interest rates will stay unchanged until the effects of tariffs on inflation are clearer.
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