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US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations /
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2024-06-18 12:02:10

US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations on Nostr: US Dollar Steadies Ahead of Data and Fed Comments =============== #332a5058 ver:0.34 ...

US Dollar Steadies Ahead of Data and Fed Comments
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#332a5058 ver:0.34

The US Dollar Index has strengthened but trimmed gains due to weak data and poor consumer sentiment. The Fed's mixed economic outlook and lower rate cut expectations have added to uncertainty. Fluctuations in the dollar and economic indicators will continue to impact global currency markets. Traders await US retail sales data and Fed comments for rate cut timing. The dollar's value is influenced by geopolitical risk, economic performance, interest rate differentials, and energy/commodity prices. Technical analysis suggests the DXY remains bullish. The US Dollar is the most traded currency, impacted by Fed decisions and QE/QT policies. #USD #forex #economy...

#newstr #UsDollar #FederalReserve #EconomicData #RetailSales #MonetaryPolicy #QuantitativeEasing #QuantitativeTightening

https://here.news/story/332a5058?ver=0.34
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