Risk-on rally loses steam as equities correct and dollar eyes rebound
Early signs of a market turn are emerging, with equities correcting and the US Dollar potentially rebounding from the 99.40 support zone.
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Markets are showing early signs of a turn after the recent advance. Equities have begun to correct, with the S&P 500 and Nasdaq losing momentum.
The US Dollar could be preparing for a rebound from the 99.40 support zone. That would fit with a broader slowdown in the risk-on rally.
Traders are watching whether the current equity pullback extends and whether the dollar can hold support and push higher.
Source: FXStreet Forex News