Dollar’s Hangover: Stabilizing at New Low
What’s Brewing Behind the Curtain?
The U.S. dollar is hanging out near its lowest point since early 2022. Investors have slipped into a wait‑and‑see mood as the Federal Reserve gears up for its most critical rate decision of the year.
Rate Decision on the Horizon
- Wednesday’s FOMC call could keep markets jittery.
- Experts predict a maintain‑neutral stance, but the usual suspect—Chair Powell’s tone—might hint at a later‑year softening.
- Yields are on the rise, with the 10‑year Treasury now over 4.4%.
Geopolitics: The Quick‑Reflex Switch
Hot stuff from the Middle East—tensions between Israel and Iran—has pushed investors into the safe‑haven blackhole. Expect the greenback to waver, especially when the world feels the heat.
On the Radar: Data on the Dance Floor
This week’s retail sales and jobless claims are turning the forex market into a cautious dance floor. Traders might keep their feet cautious until after the FOMC announcement.
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