Forex Market Update: Dollar Under Pressure Amid Risk-On Sentiment

Monday, 25 March 2024, 19:18
The Forex market observed a subdued performance from the US Dollar due to a prevailing risk-on sentiment, setting the tone for the week ahead. Market dynamics are largely influenced by expectations surrounding the upcoming release of US PCE data. Traders are gauging the impacts of risk appetite on currency movements amidst ongoing market uncertainties.
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Forex Market Update: Dollar Under Pressure Amid Risk-On Sentiment

Forex Market Update: Dollar Under Pressure Amid Risk-On Sentiment

The resurgence of sentiment towards the risk-associated universe kept the price action around the US Dollar subdued at the beginning of a week that will be dominated by expectations around the release of US PCE.

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.

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