US Dollar Recovers as DXY Rises to 105.00 Amid Cautious Market Sentiment
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#142fda0b ver:0.7

The US Dollar (USD) is recovering as the DXY rises to 105.00 amid cautious market sentiment. Strong US economic data and reduced expectations for near-term interest rate cuts have supported the greenback. Key economic data, including US GDP and the PCE price index, will be released this week. The dollar could weaken if the core PCE index decreases below market consensus. However, the dollar has benefited from the sell-off of low-yield currencies. The US Dollar Index (DXY) is slowly declining as markets await economic data and the Fed's Beige Book report. The resilient US economy allows the Fed to maintain a cautious stance, which cushions the dollar....

#newstr #UsDollar #Dxy #MarketSentiment #FederalReserve #InterestRates #UsEconomy 

 https://here.news/story/142fda0b?ver=0.7