Despite the 1% drop of the DXY index to a minimum of three years of 99.26 during the night, we are cautious and aware that the DXY has not yet broken below the minimum intradicate minimum of 99 seen on April 11, reports the DBS FX strategist, Philip Wee.
Markets seek bond safety while shares expand losses
“Unlike last week, no fears of disdaining of investors who sold US Treasury bonds were inferred while they left US actions. Yesterday, investors sought bond security, carrying the performance of the US treasure at 10 years down for the third consecutive day in 5.6 basic points to 4.277% in the middle of the fall of the 2.2% fall in the 2.2% fall in the S&P 500. markets can reverse again before the US stock markets close on Good Friday;
“The president of the FED, Jerome Powell, said that Trump’s significantly higher tariff Prices, but it will refrain from increasing rates while long -term inflation expectations are kept anchored in the middle of an increased unemployment rate in an economy in deceleration. “
“Powell said the Fed was ready to provide dollars abroad, a tacit reaffirmation of USD’s dominant role as the world reserve currency. This comment also implied an agreement with the recent evaluation of the governor of the Fed, Christopher Waller, to look beyond high inflation and cut if a recession becomes imminent.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
