"The dollar index fell on Wednesday, sliding to a four-week low as an apparent easing in Middle East tensions reduced demand for the currency as a safe-haven."
"The softer geopolitical backdrop also weighed on Treasury yields, which declined across the curve as falling oil prices reduced inflation concerns."
"Durable goods orders fell for a third consecutive month in February, suggesting softer underlying momentum in manufacturing despite stronger signals elsewhere."
"Looking ahead, the GDP data, the latest Fed minutes, and the CPI release will be critical in determining whether monetary policy expectations could lean toward more easing."
The dollar index declined to a four-week low as easing tensions in the Middle East reduced demand for the currency as a safe-haven. A cease-fire announcement and upcoming peace talks contributed to this shift. Treasury yields also fell, influenced by declining oil prices and reduced inflation concerns. Interest rate forecasts became more dovish, with a potential rate cut later this year. Durable goods orders fell for the third month, indicating weaker manufacturing momentum. Upcoming GDP data and Fed minutes will be crucial for monetary policy expectations.
Read at London Business News | Londonlovesbusiness.com
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