Dollar's Fate Uncertain Amid Mixed Week: Risk Sentiment, Stocks, and Bonds in Focus
Dollar fell to its lowest level of the year and breached a critical support, after being under pressure for most of the week. Yet, it staged a recovery towards the end, closing mixed only. Decelerating US inflation data was welcomed by risk market investors, but a lower terminal rate may not necessarily lead to an earlier rate cut. While risk-on sentiment received a boost, the markets seem somewhat uncertain. Whether the greenback can find a bottom at current levels may depend on overall developments in other markets like stocks and bonds.
Source: actionforex.com