ZeroRushCaptain
The US dollar faces increasing downward pressure! The Fed's policy shift and the Bank of Japan's rate hikes create a double whammy
The US dollar index has recently fallen into weakness, declining for nine consecutive trading days, closing at 99.24 on December 3rd, down 0.08%. Meanwhile, the euro against the US dollar (EUR/USD) has performed strongly, rising for the eighth straight day, with the latest quote at 1.1637. What are the underlying reasons behind this downward pressure on the dollar?
**Expectations of Fed rate cuts are the main reason for the dollar's pressure**
Market expectation sh
View OriginalThe US dollar index has recently fallen into weakness, declining for nine consecutive trading days, closing at 99.24 on December 3rd, down 0.08%. Meanwhile, the euro against the US dollar (EUR/USD) has performed strongly, rising for the eighth straight day, with the latest quote at 1.1637. What are the underlying reasons behind this downward pressure on the dollar?
**Expectations of Fed rate cuts are the main reason for the dollar's pressure**
Market expectation sh