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
What Will Happen in the Bitcoin Price in the Coming Days? Has the Peak Been Reached or Is There Still Room to Rise? Here are the Opinions of the Anal
What kind of price movements will Bitcoin, the world's largest cryptocurrency, experience in the coming days? Here are the opinions.
This Artificial Intelligence Robot Keeps 40.000 Dollars in His Wallet: It Will Send It All To Whoever Convinces It
In the cryptocurrency world, different applications continue to emerge every day. This time, an artificial intelligence robot is on the agenda.
How Much Will Bitcoin Price Be in 2026? Analyst Reveals Prediction on Live Stream
Cryptocurrency analyst Mark Palmer made a statement predicting the Bitcoin price for 2026. Here are the details.
Standard Chartered: Stablecoins are increasingly used in traditional financial applications
Trending news
MoreCrypto prices
More
