❇️The dollar is facing a devaluation pressure against other major currencies, as investors become more optimistic about the outlook for global economic growth, according to the Financial Times. ❇️In March of this year, green and silver prices increased sharply as the strong recovery of the US economy raised expectations that inflation would rise rapidly, dragging US Treasury bond yields along and posing the possibility that the Reserve Federal Reserve (Fed) must cut policies to support economic growth. ❇️Despite the recession in the first quarter of this year, the Eurozone economy is forecasted by analysts to gradually prosper as the Covid-19 vaccination program in the region accelerates and the economies open. come back. During the April monetary policy meeting, Fed Chairman Jerome Powell reassured investors' concerns about the possibility that the Fed might soon cut its asset purchase program. Mr. Powell reiterated that the soft monetary policy stance will maintain until the US economy has really solid recovery steps.
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