Reported about 1 month ago
As the market anticipates the Federal Reserve's potential pivot towards lower interest rates, the U.S. dollar shows signs of reclaiming value after a period of decline. Nvidia's recent earnings report impressed but was overshadowed by concerns over production delays, impacting tech stocks. The upcoming PCE inflation data, which influences Fed policy, could further alter market sentiment and dollar valuation as traders prepare for either one or two interest rate cuts.
Source: YAHOO