Markets betting that US interest rates will be on pause, for now

The US dollar has experienced a lack of clear direction in recent weeks as market sentiment oscillates between perceptions of a potential slowdown in the US economy.

US Interest Rate

The uncertainty surrounding the economic outlook has led to frequent shifts in market sentiment. However, the latest projections for today’s Federal Reserve meeting indicate that market participants are now leaning towards a pause in monetary policy changes. Consequently, the dollar's upward momentum has been constrained, limiting its gains in recent times.

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