Dollar Softens As Investors Await Key U.S. Economic Data Before Fed Meeting
On Tuesday, the dollar weakened against a basket of currencies, following a drop in Treasuries yields as investors awaited key U.S. economic data ahead of the Federal Reserve's monetary policy meeting next week. The dollar index lost over 0.5% in the previous session, sitting at around 105.57. The market is now focused on the flash purchasing managers' index (PMI) data and gross domestic product (GDP) report, which could set market expectations ahead of the Fed's meeting on Oct. 31 - Nov. 1.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu Ecosystem Expands—Team Says Kusama is on Track, SHIB Ready to Pump

Real Estate Meets Crypto— Lumia CEO and Polygon Exec Talk Tokenized $220M Towers

Solana (SOL) Eyes 252% Surge Amid Bullish Signals
Solana (SOL) confirms a Hidden Bull Divergence pattern, signaling a potential 252% surge to $457.97. Is a major breakout ahead?Breaking Key Resistance LevelsCan SOL Reach $457.97?

Retail Bitcoin Holders Are Selling—A Repeat of 2020?
Retail Bitcoin holders are offloading BTC, mirroring the 2020 capitulation phase. What does this mean for the market?Retail Bitcoin Holders Are Selling—What’s Happening?Is This a Bullish or Bearish Signal?What’s Next for Bitcoin?

Trending news
MoreCrypto prices
More








