Geopolitical risk aversion offsets concerns about economic weakness; the U.S. Dollar Index rebounds amid volatility
The dollar is currently in a choppy trading range as investors weigh lingering geopolitical tensions against weak U.S. economic data, noted Naga analyst Frank Walbaum in a report.“The market remains cautious about any potential geopolitical developments, which could ultimately exacerbate dollar volatility.” Meanwhile, Monday’s weaker-than-expected ISM manufacturing report intensified market concerns about a slowdown in economic growth momentum. He noted that further weak data could boost market expectations for additional interest rate cuts by the Federal Reserve this year.The ISM Services Report and the Job Openings and Labor Turnover Survey (JOLTS) are scheduled for release on Wednesday, followed by the nonfarm payrolls report on Friday.
Source:富途快讯 · Source Link
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