Posted 3/22/2024, 12:30:00 PM
US Dollar Gains as Traders Question Fed Dovishness; China Economic Concerns Also Weigh on Markets
- The US Dollar jumps higher for the second day as traders challenge the Fed's dovish stance
- Views spread that China is losing control of economic recovery, triggering sell-off
- Three Fed speakers lined up today to potentially move markets
- Equities mixed with China down over 1% and Europe down 0.5%
- Technical analysis shows US Dollar Index poised to test February highs after Fed meeting reversal
