💱 Foreign exchange market | The US dollar temporarily stabilized
• EURUSD 1.1799 (+0.14%)
• GBPUSD 1.3510 (+0.11%)
• USDJPY 154.99 (+0.12%)
• UK inflation slowed
• Producer prices fell
• Markets have fully priced in April rate cuts
➡️ Interpretation:
The short position of the US dollar was at a 14-year low before, and the current rebound is more of a position correction than a trend reversal.
