On December 4th, Jinshi Data News reported that the US dollar remained stable due to investors' expectations of key US data and Federal Reserve Chairman Powell's speech. Analysts at Yu Xin Bank said in a report that if the data is weak, the US dollar may fall. They said Powell may hint at a rate cut at the December 18th meeting, but the decision depends on the data.
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Stable trend of the US dollar before the release of key data and Powell's speech
On December 4th, Jinshi Data News reported that the US dollar remained stable due to investors' expectations of key US data and Federal Reserve Chairman Powell's speech. Analysts at Yu Xin Bank said in a report that if the data is weak, the US dollar may fall. They said Powell may hint at a rate cut at the December 18th meeting, but the decision depends on the data.