From Investing.com: 2024-05-23 05:19:00

The US dollar rallies as both gold and bitcoin fall in response to hawkish Fed minutes and a lack of Iranian response to an incident. Market focuses on potential rate cuts by ECB and Bank of England, with UK Prime Minister calling for early elections on July 4th. Preliminary data shows strength in US economy but Eurozone PMIs may not be enough to stave off rate cuts in June. Gold and Bitcoin prices decline, with market looking to support levels amidst strong dollar and potential approval of the first spot ether ETF.



Read more at Investing.com: Dollar benefits from hawkish Fed minutes