This week, the Euro maintains its upward momentum against a weakening US dollar, reaching levels not observed in over four months. The single currency is demonstrating strength against various currencies as markets adjust their expectations for elevated rate cuts. In contrast, the US dollar continues its descent, with the US dollar index retracing to levels last recorded at the close of July. Concurrently, US Treasury yields are nearing multi-month lows, driven by traders anticipating a series of rate cuts by the Federal Reserve in the upcoming year. According to the latest CME predictions, the Fed is anticipated to implement 25 basis point rate cuts at seven FOMC meetings in the coming year. 📈💵 #ForexUpdate #MarketTrends #CurrencyAnalysis

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