The DXY is slightly down today, indicating a pause in its strong gains from the recent CPI and PPI data as investors await the upcoming FOMC decision.
Last Friday, the Canadian dollar began showing signs of recovery against the US dollar, avoiding further declines toward the 1.39 mark. This revealed an unexpected resilience in the CAD.
The US dollar was unchanged in February despite significant shifts in rates markets. The 2-year US Treasury (UST) note yield surged notably, driven by a robust US employment report and strong CPI figures.
As spring approaches and global central bankers gear up for potential interest rate cuts amidst easing inflation and slowing economic activity
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