According to Bloomberg, the US dollar posted its biggest daily gain in nearly four weeks, recouping nearly half of the decline triggered last week by an unexpected support by US Treasury Secretary Scott Bessent for the bond market.
The inflation data released before this dollar rise reinforced market expectations that the Federal Reserve will begin raising interest rates before the end of the year.
Shifts in macroeconomic data once again roiled the foreign exchange market, and changing expectations for the Fed’s policy path are inevitably likely to spill over into the crypto market. Investors should remain alert to macro-driven volatility risks.
#美元 #美联储 #Macroeconomics
The inflation data released before this dollar rise reinforced market expectations that the Federal Reserve will begin raising interest rates before the end of the year.
Shifts in macroeconomic data once again roiled the foreign exchange market, and changing expectations for the Fed’s policy path are inevitably likely to spill over into the crypto market. Investors should remain alert to macro-driven volatility risks.
#美元 #美联储 #Macroeconomics