Lates News

Despite signs of resilience in the US labor market, the US dollar is still weakening as the Federal Reserve appears to be holding steady in the long term. Corpay strategist Carl Shamota said, "This suggests that bearish sentiment is deeply rooted and serves as a warning to those, including us, who expect strong US fundamentals to provide support. By historical standards, the drop in the US dollar so far is still moderate, and there is still room for further downward movement if market sentiment does not change."