Sunday, 5 May 2024

Dollar Falls as Prospects of Two Fed Rate Cuts This Year Reemerge

by BD Banks

Dollar Falls as Prospects of Two Fed Rate Cuts This Year Reemerge

Dollar concluded last week with significant losses, influenced by a set of factors that realigned market expectations and investor sentiment. A pivotal moment came with Fed Chair Jerome Powell’s much less-hawkish-than-feared remarks at the FOMC press conference, coupled with disappointing US employment figures. These developments led markets back to anticipate two Fed rate cuts by […]

The post Dollar Falls as Prospects of Two Fed Rate Cuts This Year Reemerge appeared first on Action Forex.

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