USD Continues To Dominate The Market
Today market analysis on behalf of Fadi Al Kurdi founder CEO FFA Kings
March 19, 2024 (Investorideas.com Newswire) The dollar index continued to rise toward its highest level since the beginning of the month. The currency is driven by diminished expectations regarding interest rate cuts from the Federal Reserve, on the back of stronger-than-expected US inflation data. Market participants still widely anticipate the Fed to maintain rates at 5.5% this week. However, traders still face uncertainties about the timing and extent of potential monetary easing measures by the U.S. central bank this year and could look forward to Jerome Powell's speech and the Fed's projections. A hawkish stance from the Federal Reserve could push the dollar to new highs against other currencies. The dollar also rose against the yen which saw the Bank of Japan end a long period of negative rates amid increasing wages and inflation. While the Bank of Japan (BOJ) abandoned yield curve control it could maintain an accommodative policy which could continue to weaken the yen against the dollar.
More Info:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp