The US dollar may not weaken in a linear manner, and the possibility of the Federal Reserve cutting interest rates for the first time in March is unlikely
According to Jin10's report, the rebound in US Treasury yields boosted the US dollar index, which continues to hold above the weekly support level. Analysts believe that the US dollar is still in a weak market but may struggle to break out of its linear weakening trend. At the same time, analysts also believe that it is unlikely for the Federal Reserve to cut interest rates in March.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AAVE surpasses $240
The three major U.S. stock index futures opened higher, with Nasdaq futures up 0.8%.
Risk appetite rebounds, gold, silver, oil, and stocks experience sharp fluctuations at market open
Analyst: Investors Should Remain Cautious When Using the Bitcoin S2F Model