Dollar at Risk of Resuming Medium-Term Downtrend as Fed Confirms Rate Cuts Ahead

Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole didn’t disappoint market participants, as he clearly signaled that the time for easing monetary policy has arrived. This declaration provided a notable boost to US stock markets on Friday, with major indexes ending the week on a positive note. Meanwhile, Dollar tumbled across the board, […] The post Dollar at Risk of Resuming Medium-Term Downtrend as Fed Confirms Rate Cuts Ahead appeared first on Action Forex.