Dollar

The US dollar's upside correction, which began around Christmas, may be nearing its final phase, according to market analysts. Since late December, the dollar has experienced a significant rebound, driven by factors such as a strong US economy and rising interest rates. However, with the Federal Reserve signaling a potential pause in rate hikes, the dollar's upward momentum may be losing steam. The dollar index, which measures the currency's value against a basket of major currencies, has been trading in a narrow range in recent weeks, suggesting a potential reversal. As the market awaits key economic data releases, including the US jobs report and inflation figures, investors are closely watching the dollar's movements. A decline in the dollar could have significant implications for global trade and financial markets, particularly for emerging economies and commodity prices. The dollar's trajectory will be closely monitored in the coming weeks, with many expecting a potential shift in the currency's trend.