💨 Abstract

The U.S. dollar is near a two-month high against major peers, as markets anticipate a patient approach from the Federal Reserve in further monetary easing. The dollar index is steady, as traders reduce bets for U.S. interest rate cuts this year following strong jobs data. The euro and yen are at their lowest levels since August, while the "U.S. exceptionalism trade" has been rekindled due to robust U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖