Over the past several trading sessions, the U.S. dollar has been losing against some other major global currencies. The proximate causes may include weakening optimism regarding inflation as well as improving economic prospects in Europe and China.
In face of a possible interest rate hike, the US dollar rallied leading to a downturn for some market sectors.
Against the backdrop of stock market volatility across the globe and a hawkish turn on the part of the Federal Reserve, the Dollar neared 18-month highs against other major currencies last week. Several diverse factors could determine whether this trend will hold over the near term.
How are US benchmarks, the dollar, and gold expected to perform after the Federal Reserve indicated it will pare stimulus down more quickly than initially intended, opening the door to higher interest rates?
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