Fed Shifts Toward Tightening

Fed chair Warsh faces hawkish FOMC The Fed has moved away from rate cuts, with hikes becoming a growing possibility if inflation stays elevated. The April FOMC minutes dropped the 'nimble' flexibility language, indicating policy may need to stay restrictive for longer

Dollar Index Slips Near 99.00

Dollar Index weakens on US-Iran peace deal hopes The US Dollar Index, which measures the value of the US Dollar (USD) against a basket of six world currencies, has weakened to near 99.00. The index currently trades near 99.05 during Asian trading hours on Monday.