Reduced Fed Rate Cut Expectations Bolster the Dollar

Bullish 66.0

The dollar index (DXY00 ) on Thursday rose by +0.14% and posted a fresh 2-month high. The dollar found support from Thursday’s US economic news that showed a resilient labor market with sticky price pressures and labor costs, which are hawkish for Fed policy. The dollar also has carryover support...
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.