Dollar Dives as Disinflation Solidifies Fed's Tightening Cycle End; Stocks Rise
As disinflation process in the US picks up steam, Dollar continues its relentless descent, fueling the belief that Fed's tightening cycle is close to its curtain call. This evolving sentiment has not only lifted US stocks overnight but also spilled over into Asian session, painting a positive picture for the markets. Despite its recent woes, the greenback is not this week's weakest performer; that dubious honor goes to Yen, bogged down by unwavering dovish stance of the new BoJ Governor. Meanwhile, Swiss Franc basks in the limelight as the strongest contender, trailed by Aussie, Euro...
Source: actionforex.com