Dollar index falls for a second straight day to 97.5
Istanbul, February 9 (Hibya) – The dollar index fell for a second consecutive day on Monday, slipping to 97.5 as investors cautiously await key economic data delayed due to a partial government shutdown.
Markets are awaiting the January employment report and December retail sales data on Wednesday. Recent indicators point to a slowdown in the labor market.
The delayed January consumer price index data will be released on Friday. Markets currently expect the Federal Reserve to keep interest rates unchanged in March, with potential cuts in June and possibly September.
Rising risk appetite, supported by a rebound in technology stocks, precious metals and cryptocurrencies, also weighed on the dollar. Meanwhile, the landslide victory of Japanese Prime Minister Sanae Takaichi’s ruling coalition in weekend elections paved the way for expansionary fiscal policies, while the dollar continued to trade choppily against the yen.
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