From Investing.com: 2024-07-26 05:22:00

The dollar rebounds against major currencies following better-than-expected US GDP data, but Fed rate cut expectations remain high due to inflation slowdown. Focus now on core PCE data for more insight.

Yen rally slows down as safe-haven flows ease and profitable carry trades unwind. Aussie, kiwi, and loonie extend tumble on concerns about Chinese economy and BoC signaling more rate cuts.

Nasdaq and S&P 500 continue to see losses, with tech-led selloff impacting Nasdaq more than S&P. Market remains above key uptrend lines, with potential for rebound depending on upcoming earnings reports from tech giants.



Read more at Investing.com: US Dollar Trims Losses Against Yen, Core PCE On Tap