The US has recorded a troubling signal for the dollar, — Bloomberg.
The US Dollar Index declines amid investors' outrage
The US Dollar Index experienced its worst week since November 2022, dropping by 2.4%. This occurred due to investors' fears regarding a potential slowdown in the growth of the American economy due to the country's trade policy.
Despite a constant increase in jobs, the rise in the unemployment rate in the US indicates a weakening labor market.
The decline in yields on US bonds is also putting pressure on the dollar, as it increases the likelihood of a loosening of monetary policy by the Federal Reserve.
At the same Time, as noted by State Street strategist Lee Ferridge, 'huge fiscal changes in Germany have raised expectations for growth in the Eurozone, and this has come at a time when concerns about growth prospects in the US have intensified.'
These changes in Europe have led to a strengthening of the euro, which is showing its best week since 2009.
Earlier in Poland, plans regarding the future of the złoty were revealed: will the country switch to the euro.
Read also
- Kyivstar launched a unique tariff for pensioners and people with disabilities – what it includes
- Not counting losses: Zelensky spoke about the 3 most difficult sections of the front
- How to renew a pension certificate: step-by-step instructions
- Ukrainians are told how much money to have when traveling to Europe
- NATO has embraced Ukraine's 'Trojan Horse': General comments on the 'Web' operation
- Kyivstar, Vodafone, and Lifecell prepare new rules: what will happen to communication during alarms
