The DXY fell to its lowest level since May after unexpectedly weak US retail sales data dampened expectations for a rate hike this year.
The Bloomberg Dollar Spot Index fell 0.4% on Friday to its lowest level since May 29. This followed unexpectedly weak US retail sales data, which prompted traders to further scale back expectations for Federal Reserve interest rate hikes this year, a shift that reversed the hawkish narrative that had previously supported the dollar.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Yangtze Optical Fibre and Cable (YOFC) plunged 16.03% in Hong Kong trading, while UBS bucked the trend by raising its net profit forecasts for the company by 116%-158% for 2026-28 and maintaining a "buy" rating.
-
2
NEAR Protocol (NEAR) Outlook: Future Potential Driven by Technological Innovation and Ecosystem Expansion
-
3
Renowned investor Duan Yongping has once again purchased 30,000 shares of Kweichow Moutai, spending over 36.9 million yuan.
-
4
XRP's Global Acceptance and Impact: Regulation, Applications, and Market Dynamics
-
5
THC Coin Analysis: Trading Status and Risks of Transhuman Coin and Thetan Coin
-
6
DEXA Coin: An Analysis of the Current Status of the ERC-20 Token Formerly Positioned for Social Payments
-
7
SAITAMA Coin: An Analysis of Its Evolution from Meme to SaitaChain and Current Status
-
8
Zhuhai Amicro Technology, a robot chip designer backed by Xiaomi, has passed its listing hearing and plans to raise over $100 million in an IPO in Hong Kong.
-
9
Cryptocurrency Exchange Selection Guide: Global Compliance and Risk Analysis
-
10
GOETH Token Analysis: Wrapped Ethereum on Algorand and Its Market Dynamics
Markets Today
Recommended Reading









