Dollar Tumbles and Gold Jumps as Powell Opens Door to Fed Rate Cuts

Pessimistic -13.0

The dollar index (DXY00 ) today is down by -0.57%. The dollar fell from a 1.5-week high today and turned lower on dovish comments from Fed Chair Powell, who said downside risks to employment are rising and the shifting balance of risks may warrant adjusting monetary policy. Falling T-note yields...
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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.