 Dollar weakness continues to dominate FX markets, with the greenback staying under pressure across the board. he spotlight is on which currencies are capitalizing the most. Yen is stealing the show, along with sharp rally in the Nikkei as AI-fueled optimism sends semiconductor shares surging. Swiss Franc and Aussie are also firming, while the Kiwi and Loonie lag. Euro and Sterling are steady in the middle of the pack, with their earlier bullish momentum taking a breather. Economic data from the US did little to reverse the greenback’s decline. Finalized Q1 GDP was revised down to -0.5%, reinforcing concerns about underlying growth momentum. Durable goods orders surprised to the upside at 16.4%, but that strength was concentrated in a 48% surge in transportation equipment—most likely driven by tariff frontloading. Jobless claims fell more than expected, but signs of labor market resilience were not enough to shift the rate cut narrative..... |
