Here are the most important developments:
• Yesterday, US inflation data was released in a way that ships, investors, or the Federal Reserve did not desire, as it was higher than expectations, bringing back to the markets the fear of a climate in which inflation will rebound again.
• This matter prompted the markets to say that the Federal Reserve will reduce interest rates 3 times this year instead of 6 times.
This gave positivity to the US dollar against currencies and gold, and we expect this positivity for the dollar to continue in stages.