U.S. Dollar Set for Weekly Loss Despite Safe-Haven Demand

ByFegea

The U.S. dollar remained steady on Friday but was on track for a weekly decline after weaker U.S. inflation data reduced expectations of an immediate Federal Reserve interest rate hike.

Safe-haven demand offered some support as renewed conflict between the United States and Iran pushed oil prices to their highest levels in nearly a month. At the same time, stronger-than-expected U.S. consumer sentiment helped ease concerns about the economy.

Analysts said investors are balancing cooling inflation against rising geopolitical risks, with upcoming Federal Reserve decisions expected to play a key role in determining the dollar’s next direction.

Source

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