The US Dollar has stabilized near its lowest levels since early 2022, with investors taking a cautious stance ahead of the Federal Reserve's upcoming rate decision. With expectations that rates will remain steady, market participants are focused on Chair Powell's statements for future monetary policy hints. Additionally, rising US Treasury yields indicate a reassessment of risks, while geopolitical tensions, particularly between Israel and Iran, contribute to safe-haven investment and market volatility. Overall, upcoming economic indicators such as retail sales and jobless claims are also set to impact forex trader sentiment.
The US Dollar stabilized near its lowest levels since early 2022 as investors adopted a wait-and-see approach ahead of a pivotal week for monetary policy.
Escalating hostilities between Israel and Iran have driven demand for safe-haven assets and could fuel some volatility and risk aversion.
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