The Dollar’s On the Rise Again
After a brief tumble last Monday, the U.S. dollar has been straightening out, snapping back to gains from yesterday as traders dial down the chatter about an urgent rate cut from the Federal Reserve.
What Made the Drop?
- Last Friday’s lagging job numbers sparked a “recession scare” that pushed expectations of a Fed rate cut higher.
- Investors suddenly felt the need for a safe place, pulling money into U.S. Treasury bonds.
Markets Acting A Bit Nervous
Because of that dip, Treasury yields spiked — a sign that risk‑on sentiment started to creep back.
Looking Ahead
On Thursday we’ll hear the latest jobless‑claims data. If the numbers come in lower than expected—say, around 240,000 instead of the 249,000 seen last week— it could give the dollar a little extra boost. But if the claims stay high, the dollar might feel the pressure again.
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