Multi-currency
US Dollar Rebounds Slightly After Trump Assassination Attempt
US Dollar Index rebounds after an assassination attempt on Trump. Despite this, investor optimism remains high with anticipated Fed rate cuts by year-end.
1 minute read
Here’s this week’s overview of the US Dollar:
In the past week, we saw the US Dollar Index decline by 0.6% against a trade weighted basket of its peers.
Global markets responded positively to the news, with stocks and credit lifting and a clear shift away from the safe haven dollar.
Another major piece of news which made headlines globally was the assassination attempt on Trump which triggered a small dollar rebound, but this has failed to dent investors’ optimism.
A first interest rate cut from the Fed in September is now fully priced-in by markets, with either one or two additional cuts before year end regarded as highly likely.
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