US Dollar's Retreat and Market Sentiment Analysis
Thursday, 22 February 2024, 12:30
US Dollar Retreats Amid Market Optimism
The US Dollar (USD) is returning back to flat after a dropkick moment on Thursday after a string of events accelerated a downside move in the US Dollar Index (DXY) overnight.
Factors Leading to Retracement
- Market Optimism: Optimism in the market outweighed the Federal Reserve's cautious stance.
- String of Events: A series of catalysts accelerated the downside move in the US Dollar Index.
The first decline came on the back of the US Federal Reserve...
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.