Dollar Softens As Investors Await Key U.S. Economic Data Before Fed Meeting
On Tuesday, the dollar weakened against a basket of currencies, following a drop in Treasuries yields as investors awaited key U.S. economic data ahead of the Federal Reserve's monetary policy meeting next week. The dollar index lost over 0.5% in the previous session, sitting at around 105.57. The market is now focused on the flash purchasing managers' index (PMI) data and gross domestic product (GDP) report, which could set market expectations ahead of the Fed's meeting on Oct. 31 - Nov. 1.
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
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Bitget x DGRAM Carnival: Grab a share of 49,500,000 DGRAM
