The US dollar continues to decline for the fourth consecutive session with the opening of the European markets for the session today, Wednesday, the tenth of February (February), where the index, which measures the performance of the dollar against a basket of currencies (the dollar index), is trading at 90.33 levels, down by about 0.10 percent, its lowest level in February after losing about 0.50 percent when closing Tuesday’s session at 90.41 levels. This continued decline in the US dollar, which began at the end of last week, comes after disappointing data from the US labor market due to the high optimism in the markets due to the anticipated financial stimulus package from Congress of $ 1.9 trillion, which raises riskier assets such as US stocks and currencies. High risk and causes a decline in safe-haven currencies and assets. During today’s session, the markets are awaiting the inflation data issued by the United States of America represented in the consumer price index, amid expectations that the monthly index will decline to 0.3 per cent in March compared to 0.4 per cent recorded in the index in December. Today, the markets are watching a speech by Jerome Powell, President of the US Federal Reserve at the end of the American session in a press conference. Therefore, the markets are awaiting any indications to the President of the US Federal Reserve whether or not the US Federal Reserve will move or not, especially after the recent US labor market data, which disappointed hopes and thus the markets will react to Powell’s statements during the session As to whether he gave any new statements.
23/12/2024
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