Dollar fell sharply, reaching its lowest level
The dollar index fell below 105.5 on Tuesday, its lowest in a month, as U.S. Treasury yields fell as investors continued to assess the outlook for the Federal Reserve's monetary policy. .
The benchmark 10-year Treasury yield fell from 5% on Monday after Pershing Square's Bill Ackman said he hedged short positions in bonds due to geopolitical risks on the day. .
Fed Chairman Jerome Powell said last week that current policy is less hawkish and that the Fed is proceeding with caution and will decide its next steps based on future indicators, changes in the outlook, and balance sheet risks. .
Investors are now awaiting U.S. GDP data and the Fed's preferred inflation indicators to be released this week for further guidance ahead of next week's central bank policy decision.
The benchmark 10-year Treasury yield fell from 5% on Monday after Pershing Square's Bill Ackman said he hedged short positions in bonds due to geopolitical risks on the day. .
Fed Chairman Jerome Powell said last week that current policy is less hawkish and that the Fed is proceeding with caution and will decide its next steps based on future indicators, changes in the outlook, and balance sheet risks. .
Investors are now awaiting U.S. GDP data and the Fed's preferred inflation indicators to be released this week for further guidance ahead of next week's central bank policy decision.
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DXY IS FLY
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