US dollar specs turn short for the first time since February ...Middle East

The main driver of US dollar strength over the past number of years was 'US exceptionalism'. That's meant stronger growth and higher US interest rates.The stronger growth narrative is still in place -- even if it requires a deficit at 7% of GDP -- but Fed Chairman Jerome Powell has deconstructed the second part of narrative. His comments suggest the Fed won't tolerate a rise above 4.4% and that the FOMC plans to cut rates even with strong growth.That's prompted a re-think in the market and some broad softening of the US dollar (at least until today). This article was written by Adam Button at www.forexlive.com.

Hence then, the article about us dollar specs turn short for the first time since february was published today ( Friday 30/08/2024 - 10:49 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( US dollar specs turn short for the first time since February )

Also on site :

• Teens arrested after large disturbance, multiple fights at Joliet mall
• The Starmer regime is turning Britain into a police state
• Feel Free customers say the kratom drink is making them sick. Toothless FDA rules on dietary supplements are helping it remain a bestseller