Only a return of more aggressive US Federal Reserve (Fed) easing speculation or a switch out of relatively expensive US stocks seems likely to wipe the US dollar’s smile off its face.
Here is what you need to know on Tuesday, January 16: Risk aversion remains the main underlying theme so far this Tuesday, as investors assess the timing and pace of US Federal Reserve (Fed) interest rate cuts amid the escalation of geopolitical tensions in the Middle East.
In further evidence of escalating tensions between the United States (US) and Iran-backed Houthi rebels in Yemen, a US defense official stated on Tuesday that the Houthi-controlled Yemen fired a land-based cruise missile, leaving a commercial vessel in flames in the Red Sea.