US Dollar Index declines towards 105.50 as Fed’s bigger rate hike regime reaches endgame – by Sagar_Dua24 DollarIndex Fed Inflation RiskAppetite ApparelDurables
The US Dollar is expected to test its three-month low at 105.35 amid sheer optimism in global markets.Investors should brace for a higher Fed’s terminal rate as achievement of price stability is still far. is oscillating inches far from the round-level support of 106.00 in the Tokyo session. The US dollar witnessed a vertical fall on Wednesday after surrendering the critical support of 107.00. The mighty US Dollar went through intense selling pressure as investors ditched thetheme.
Investors should be aware of the fact that the US markets will be closed on Thursday on account of Thanksgiving Day.The minutes of the Federal Open Market Committee released in the late New York session dictated that the majority of the Federal Reserve policymakers have vouched for a slowdown in the rate hike pace to allow room to judge the progress of the efforts and to reduce financial risks. This indicates that there would be no fifth consecutive 75 basis points rate hike by the Fed.
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