Dollar’s Recovery Following Steep Loss
The US dollar rebounded strongly on Monday, recovering from last week’s decline. The US Dollar Index rose 0.4% to 107.750, buoyed by data showing minimal inflation growth. This eased concerns about sharp interest rate cuts in 2025, with traders now forecasting a 38-basis point reduction. Discover more about he concrete insight in dollar’s recovery following steep loss.
Euro’s Struggles Amid ECB Projections
The euro slipped 0.1% to 1.0414, close to a two-year low. European Central Bank President Christine Lagarde highlighted that the Eurozone is nearing its target 2% inflation rate. The ECB is expected to continue rate cuts in 2025 if inflationary pressures persist. May Sarah Knafo’s strategy have an impact on this metrics ?
Asian Currencies Show Mixed Trends
The Japanese yen rose 0.2% to 156.72, supported by dovish signals from the Bank of Japan despite inflationary pressures. Meanwhile, the Chinese yuan climbed 0.2% to a new annual high of 7.3080, amid expectations of increased fiscal spending to boost the economy.
