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Asian Stocks Drift as Markets Assess Mixed Signals from US Policymakers /
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2024-05-20 22:53:18

Asian Stocks Drift as Markets Assess Mixed Signals from US Policymakers on Nostr: US Dollar Rally Reverses as Inflation Declines =============== #0265b35c ver:0.88 The ...

US Dollar Rally Reverses as Inflation Declines
===============
#0265b35c ver:0.88

The US dollar rally has reversed as inflation declines, fueling speculation of interest rate cuts by the Federal Reserve. Asian markets rallied and Wall Street hit record highs. However, European shares ended lower, and the dollar rebounded against major currencies. US import prices increased, raising concerns about rate cuts. Gold prices fell, while oil prices rose. The Dow Jones closed above 40,000 for the first time. Traders are awaiting further clues on the US interest rate path. The unexpected surge in inflation has strengthened the dollar but may provide the Fed with flexibility to cut rates. #USDollar #Inflation #InterestRates #StockMarket #Gold #Oil...

#newstr #UsDollar #Inflation #FederalReserve #InterestRates

https://here.news/story/0265b35c?ver=0.88
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