"The dollar index held broadly steady on Thursday, as a fragile ceasefire between the US and Iran kept investor sentiment cautious. Reports that oil tanker transit through the Strait of Hormuz remains constrained, alongside some ongoing tensions in the Middle East, have kept markets on edge."
"On the monetary policy front, the Federal Reserve's minutes revealed concerns about inflation and the job market, reinforcing a data-dependent stance. Interest rates are still expected to remain unchanged for some time with potential cuts next year, which could weigh on the dollar and yields should inflation decline toward the Fed's target."
The dollar index showed stability as a fragile ceasefire between the US and Iran created cautious investor sentiment. Following a decline due to easing geopolitical tensions, the greenback reached a one-month low. Ongoing tensions in the Middle East and constrained oil tanker transit through the Strait of Hormuz contributed to market uncertainty. Treasury yields experienced volatility as investors weighed inflation risks against potential renewed tensions. The Federal Reserve's minutes indicated concerns about inflation and the job market, suggesting interest rates may remain unchanged for some time, with potential cuts next year.
Read at London Business News | Londonlovesbusiness.com
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