Dollar Gains Momentum on Fed Outlook, Copper Decline Weighs on Aussie
Dollar strengthened broadly overnight, underpinned by the solid rebound in US Treasury yields, while stock markets closed mixed. Stalling disinflation progress, as indicated by the latest CPI data, reinforced the likelihood that Fed will only adopt a gradual approach to lowering interest rates in the future. The aggressive 50bps rate cut back in September is […] The post Dollar Gains Momentum on Fed Outlook, Copper Decline Weighs on Aussie appeared first on Action Forex.
Dollar strengthened broadly overnight, underpinned by the solid rebound in US Treasury yields, while stock markets closed mixed. Stalling disinflation progress, as indicated by the latest CPI data, reinforced the likelihood that Fed will only adopt a gradual approach to lowering interest rates in the future. The aggressive 50bps rate cut back in September is […]
The post Dollar Gains Momentum on Fed Outlook, Copper Decline Weighs on Aussie appeared first on Action Forex.
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