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The US dollar is poised for its fourth consecutive weekly gain as it trades quietly with a slight uptick. Investors are currently cautious due to an array of risks, leading to a lack of follow-through selling after a recent setback. This week has seen the dollar recover dramatically against major currencies, with analysts noting that the rally is supported by expectations surrounding Federal Reserve policy shifts. The upcoming week is anticipated to bring significant events that could impact the dollar's performance, particularly ahead of the 2024 US Presidential Election, which adds to the uncertainty in the foreign exchange market.
Week Ahead: Buckle Up--Turbulence Coming: The US dollar extended its dramatic recovery against the major currencies for the fourth consecutive week. The dollar's rally seems to stand on two-legs. The first shift in the expected trajectory of Fed policy,… https://t.co/fMdFgPeJT2 https://t.co/24R1BQOAxF
Week Ahead: Buckle Up--Turbulence Coming The US dollar extended its dramatic recovery against the major currencies for the fourth consecutive week. The dollar's rally seems to stand on two-legs. See https://t.co/uwua1RDf2L https://t.co/jKcAG349WU
Ahead of the #USElection2024, the coming week in #FX is packed with critical event risks for the USD, JPY, and GBP writes @johnjhardy in his 'Week Ahead in FX' update https://t.co/vdizv9sQS6
