facebookHello Anyone knows what is causing usd to drop since yesterday? Any guess how long will this last / continue to drop? - Seedly

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Anonymous

04 Nov 2023

βˆ™

General Investing

Hello Anyone knows what is causing usd to drop since yesterday? Any guess how long will this last / continue to drop?

Discussion (4)

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I think people are expecting the Fed is going to cut rate sooner.

Lower fed fund rates mean people are less incline to invest in USD. If people are less likely to invest in USD, the price of a US dollar will decrease. Hard to predict how long this drop will continue.

Might be due to the Fed pausing interest rate hikes consecutively. US treasuries also fell....

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