SPY News: U.S. Dollar to Drop Ahead? ETFs to Gain/Lose - 23rd Aug 2024, 5:00am

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The U.S. greenback has seen a stellar run so far this year, with Invesco DB US Dollar Index Bullish Fund UUP logging a 2.8% return. However, things may go downhill in the coming days, with the Fed expected to cut rates in September.

Market Forecast: Dollar Weakening Against Yen

Geoffrey Yu, senior EMEA market strategist at BNY, shared his outlook on the U.S. dollar's performance against major currencies, telling CNBC that the dollar may continue to weaken against the Japanese yen through th...

>>> Read more: U.S. Dollar to Drop Ahead? ETFs to Gain/Lose
 
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