The US Dollar trades mixed on the quote board on Friday.
Markes digest the recent disinflationary CPI print while Biden drops the ball at a crucial moment.
The US Dollar index stabilizes after its sharp decline on Thursday.
The US Dollar (USD) trades very mixed on Friday, with markets looking for direction as a clear rotation is taking place in the equity markets. With an interest rate cut from the US Federal Reserve (Fed) being a near certainty in September, investors are shifting away from the big tech names and are heading into smaller stocks and blue chips that represent more niche sectors that should see demand pick up with more disposable income freed up once rates get cut. Meanwhile, concerns about US President Joe Biden increased after he called Russian President Vladimir Putin to Ukraine President Volodymyr Zelensky during a high-stakes NATO summit, which could mean the final straw for some of his financial donors.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.