US Dollar Recovers Ground Following Powell's Call for Caution
Tuesday, 9 July 2024, 16:45
US Dollar Resurgence
The US Dollar shows a recovery, with the DXY reaching 105.20.
Powell's Stance
Fed Chair Jerome Powell calls for patience over rate cuts, sparking renewed market confidence.
Market Impact
The US Dollar gains traction as investors respond positively to Powell's cautious approach.
- Market sentiment improves
- Focus on Fed's policy outlook
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