 Risk sentiment appears to have stabilized heading into the weekend, despite stronger-than-expected US inflation data released overnight. The report didn’t cause any significant shifts in market expectations regarding Fed's rate cuts. Stock markets also showed resilience, with major US indexes closing only slightly lower. Dollar, however, has lost some momentum, turning softer against both Swiss Franc and Japanese Yen. Investors are now focused on comments from upcoming Fed officials, particularly on whether any will echo Atlanta Fed President Raphael Bostic’s openness to a potential pause in rate cuts at the November meeting. For the week so far, Canadian Dollar is currently the weakest performer, followed by New Zealand Dollar and Australian Dollar. On the other hand, Swiss Franc is leading as the strongest currency, followed by Yen, and then Dollar. Euro and British Pound are stuck in the middle.... |
