Post-Fed Analysis: Dollar Woes Continues, Euro Rises Ahead of French Election

Wednesday, 3 July 2024, 05:35

The dollar is on a downward trend after a dovish speech by Powell, while the euro is seeing gains in anticipation of the French election. Analysts predict further dollar weakening in the short term, as the euro remains strong. Investors are closely watching the market reactions to these currency movements, highlighting the uncertainty in the global economic landscape.
Investing.com
Post-Fed Analysis: Dollar Woes Continues, Euro Rises Ahead of French Election

Post-Fed Analysis:

The dollar is on a downward trend after a dovish speech by Powell, while the euro is seeing gains in anticipation of the French election.

Analysts predict:

  • further dollar weakening in the short term
  • the euro remains strong
  • Investors are closely watching the market reactions to these currency movements, highlighting the uncertainty in the global economic landscape.

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