03/10/2024
US Dollar continues to struggle as weak economic data and growing expectations for Fed rate cuts dominate market sentiment.
Currency markets are seeing a tug-of-war between central bank policies and global economic developments.
The currency markets have seen the Euro underperform across several pairs as disappointing PMI data from Germany and the Eurozone adds to the pressure.
The currency markets are being shaped by contrasting monetary policies across major economies.
Currency markets have been dominated by central bank actions, with the Fed’s rate cut and the BoE’s expected hold driving significant movements.
The currency market is largely focused on the upcoming Federal Reserve decision, which could lead to significant USD movement depending on the size of the rate cut.