“Composite PMI Drop Causes U.S. Dollar Retreat: Analysis for EUR/USD, GBP/USD, USD/CAD, USD/JPY”
U.S. Dollar Weakens as Traders Bet on Dovish Fed The U.S. dollar is currently facing downward pressure in the foreign exchange markets as traders increasingly place their bets on a dovish stance from the Federal Reserve. Speculation over the Fed’s monetary policy has been mounting in recent weeks, with many market participants anticipating that the…