Forecasting the upcoming week: US Dollar weakens ahead of key US CPI data and Fed speeches
The US Dollar Index (DXY) fell toward the 97.90 region on Friday, pressured by improving risk sentiment and easing safe-haven demand after reports suggested the United States (US) and Iran are still attempting to preserve a fragile ceasefire framework despite renewed military incidents in the Middle
The US Dollar is likely to continue weakening ahead of the upcoming CPI data and Fed speeches, as market sentiment remains cautious. Traders may look to short the dollar as risk appetite improves.
The US Dollar Index (DXY) fell toward the 97.90 region on Friday, pressured by improving risk sentiment and easing safe-haven demand after reports suggested the United States (US) and Iran are still attempting to preserve a fragile ceasefire framework despite renewed military incidents in the Middle
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