Reported about 1 year ago
Investors are anticipating a summer with minimal currency volatility as the Federal Reserve Chair's projection for a single rate cut this year has dampened expectations for significant market movements. Despite signs of turbulence in currency markets following weak US inflation data, the market is now expected to remain range-bound in the coming months. Traders are closely monitoring upcoming events like the French elections and US economic data, as well as potential catalysts for increased volatility later in the year such as the US presidential debate. The recent Fed decision is seen as a factor contributing to subdued volatility, which may benefit carry traders in the short term.
Source: YAHOO