#USD Dollar Index falls below 99.50 due to eroding investor | Unioflove on Binance Square

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#USD Dollar Index falls below 99.50 due to eroding investor confidence; Retails Sales eyed 👇👇

The US Dollar Index declined after gaining in the previous session, #TradingCommunity near 99.50 during Wednesday's European hours. The Greenback faces headwinds due to eroding investor confidence in US assets amid escalating US-China trade tens #BinanceSquareTalks 

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#GOLD_UPDATE #GOLD soars past $3300 “Bullish sentiment continues to abound in gold though, which shows no sign of slowing down. It might be the ‘most crowded trade’ according to Bank of America’s latest survey, but so was ‘Long Tech’ for months at a time, and that didn’t stop investors from piling in. All this comes as inflation remains muted for now. It is the level of uncertainty in the macro outlook right now that makes gold so compelling.” Global market sentiment remains mixed “Investors seem to spend their days wondering when the next tariff headline will drop. Memories of last week’s manic volatility are still fresh, so while European markets have continued their recovery from the recent low, the gains feel fragile at best. A different situation applies in the US, where the ban on Nvidia’s export of H20 chips to China continues to cast a pall over sentiment.”

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#GBP GBP/USD clings to daily gains near 1.3250 #Greater2025 and #Pound Despite the marked pullback in the US Dollar, GBP/USD now trims part of its earlier advance to the vicinity of 1.3300 the figure, or multi-month highs, as investors digest easing inflationary pressures in the UK ahead of Powell’s speech. #MetaplanetBTCPurchase

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#forextrading Today: US Dollar selloff resumes after short reprieve, eyes on BoC and Powell #highvolume is expected today in markets.#CardanoStablecoin" #CanadaSOLETFLaunch Following a meager recovery on Tuesday, the US Dollar (USD) comes under renewed selling pressure on Wednesday as markets assess the latest news on trade wars. March Retail Sales and Industrial Production data will be featured in the US economic calendar. Additionally, the Bank of Canada (BoC) will announce monetary policy decisions. Finally, Federal Reserve Chairman Jerome Powell will be delivering a speech in the late American session. @Unioflove

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