US Dollar Stabilizes After Pullback; Is the Correction Over?

From Investing.com: 2025-05-07 03:07:00

Markets are currently moving slowly in narrow ranges as investors await more details on the upcoming Fed meeting. Despite lower-than-expected GDP growth in the first quarter of 2025, strong jobs data may deter the Fed from cutting rates. US yields are up as Treasuries fall. The Dollar Index wave structure suggests weakness may return, but uncertainty remains due to recent price action. Analysts are waiting for the rate decision to gain more clarity on market direction, with expectations leaning towards a potential drop into the fifth wave in the near future.



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