The ‘disinflationary process has started’ according to Fed chair Jerome Powell at last night’s FOMC press conference, a comment that pushed the greenback to a fresh multi-month low
We are moving into more serious fundamental waters Thursday with the US 4Q GDP reading on tap; and Dollar traders frustrated by the tight range will be watching with anticipation
Risk trends seemed on solid footing through much of the Wednesday session until a collapse began in US hours that lasted through the close and pulled SPX down -1.6 percent
The S&P 500 posted its biggest weekly advance in 2 months to the threshold of breaking its bear trend while the Dollar posted an equivalent historical loss to land at its 2021-2022 midpoint