Dollar Index Sticks Around 105.1 – Market’s Got a Hangover
The dollar dipped into a sideways groove today after last week’s over‑1% surge. It’s now cruising near the 105.1‑point mark, like a cat finally deciding where to nap in the sun.
Why the Calm? Mysterious Inflation Rumours
- Yesterday’s inflation blast rattled the market’s crystal ball on a June rate‑cut drama.
- Every trader feels as uncertain as a cat in a room full of laser pointers.
- Hope for a 25‑point cut has slid to a timid 16%, dropping from over 50% before the numbers hit the floor.
Bond Market Turns Up the Volatility Alarm
The ICE BofAML MOVE index – the Treasury market’s fear meter – leapt a dazzling 11% the day before, the biggest spike since the start of the year. It’s volatility to the max, like a stock market after a pizza party.
Middle‑East Tensions: The Tipping Point
- Military action is still flaring, even on the first Eid al‑Fitr holiday.
- Fears of escalation are weaving a tense tapestry; the region is skating on thin ice.
- These jitters keep the dollar energized as the safe‑haven favourite.
All eyes wait on Gaza for a potential cease‑fire, yet whispers of a large‑scale move in Rafah suggest the conflict is far from over. The dollar, the global financial anchor, stays perched on high ground.
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