On Friday, the dollar index, which measures the US dollar against six major currencies, fell by 1.15% investors moved into riskier assets. Fears continue into this week as today, the dollar remains weak against both sterling and the euro, largely due to fears that the Federal reserve will no longer raise interest rates beyond 5% as inflation cools.
Though there are several key data releases scheduled in this week, market participants eagerly await this Thursday’s CPI report, to see if this will swing dollar rates back in the other direction.
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