Nebel Crowhurst

Sep 25, 2024 | londonlovesbusiness.com | Hani Abuagla |George Khoury |Sarah Dunsby |Nebel Crowhurst

The U.S. dollar attempted to recover on Wednesday but could continue to face challenges. The currency has been on a downtrend for several weeks and could remain exposed to more losses. While a rebound in treasury yields has supported the dollar to a certain extent this week, expectations that the Federal Reserve may continue cutting interest rates could continue to pull the asset down. Traders could continue to react to new data releases.

Sep 25, 2024 | londonlovesbusiness.com | George Khoury |Sarah Dunsby |Nebel Crowhurst |Hani Abuagla

Oil futures fell on Wednesday as traders reevaluated the impact of China’s recent stimulus measures on economic growth and fuel demand in the world’s largest crude importer. Prices surged after China announced significant economic stimulus, including interest rate cuts and government funding. However, concerns lingered that more fiscal support would be needed to boost confidence in the Chinese economy. This uncertainty raised doubts about sustained demand growth, weighing on crude prices.