The Fed’s newfound focus on data is bad news for the sliding dollar

MarketsInsider/George Glover/7-29-2023

photograph of many $100,000 stacks of $100 bills“The dollar is one of the few assets that’s gone down, rather than up this year – and analysts are warning that there could be bleaker times ahead for the greenback now that the Federal Reserve looks set to wind down its interest-rate hiking campaign.”

USAGOLD note: The most important data, as pointed out in this article, provide reasons for lowering rates which would continue to fuel the dollar’s slide against other currencies.

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