Inflation seems to be cooling off Globally. After FOMC minutes the dollar seems to be losing momentum due to de-dollarization Caused by geopolitical tension. BRICS nation are taking extra measures to move away from the dollar even in Asian. However the EURO is strengthening after the unemployment rate in Germany drop.
The US dollar has been losing momentum due to political tension and unfriendly foreign policy most central banks are moving away from the dollar they are now relying on the yellow metal GOLD. Another that the US seem to be publishing a negative data such as unemployment claims and a decrease in home sales . The yen has been strong lately since the BOJ announced...
Investors seem to be selling dollars at a fast rate due to interest cut and geo- political tension
The euro has been strong despite weak economic data
Manufacturing may be slowing down in the Euro zone .yet we need to remember that the euro is a alternate to the dollar so a falling dollar will be replaced by the euro.