Dollar Could Be Starting Cyclical Decline The dollar has fallen sharply in recent weeks, and some analysts believe that it could be starting a cyclical decline. This is due to a number of factors, including weaker-than-expected U.S. inflation data, the prospect of peak U.S. interest rates, and a stronger euro. The dollar index, which measures …
Dollar Weakens as Powell’s Testimony Fails to Impress The dollar weakened on Thursday after Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress failed to provide any new insights into the central bank’s monetary policy plans. In his testimony, Powell reiterated that the Fed is committed to bringing inflation back to its 2% target. However, …
Dollar Weakens as Powell’s Testimony Fails to Impress Read More »
The dollar weakened on Wednesday as investors bet that the Federal Reserve will pause its interest rate hiking cycle after soft inflation data. The dollar index, which measures the greenback against a basket of six major currencies, fell 0.2% to 103.25. The euro rose 0.3% to $1.0800, while the British pound gained 0.2% to $1.2615. …