Macro News – English
Dollar falls as Fed resists rate hike expectations
- The US dollar weakened after softer economic data and a dovish shift from Fed Chair Powell. He signaled that rate hikes aren’t the answer to temporary oil shocks, easing tightening expectations. Meanwhile, improving euro fundamentals added further pressure on the greenback.
Macro News – Urdu
Dollar girta, Fed hikes par push back
- US dollar kamzor hua softer economic data aur Fed Chair Powell ke dovish signal ke baad. Unhon ne kaha rate hikes temporary oil shocks ka solution nahi. Is se tightening expectations kam ho gayi, jabke euro fundamentals behtar hone se dollar par aur pressure aaya.
