The most recent leg down, which started on April 10, was driven by a sudden strengthening in the US Dollar (USD).
A run of strong macroeconomic data from the US, a solid labor market and persistently high inflation means the US Federal Reserve (Fed) cannot go ahead and cut interest rates as soon as it had been planning.
The expectation of interest rates remaining higher for longer in the US in order to continue cooling down the economic
A run of strong macroeconomic data from the US, a solid labor market and persistently high inflation means the US Federal Reserve (Fed) cannot go ahead and cut interest rates as soon as it had been planning.
The expectation of interest rates remaining higher for longer in the US in order to continue cooling down the economic