The market's expectation of a less hawkish statement from the FED, and after the low inflation data, DXY (Dollar Curency Index) depreciated.
However, as long as there is no significant deterioration in the American economy, it is seen that the FED officials are determined to reduce inflation to the level of 2%.
Even if interest rate hikes stop, interest rates may remain high for a long time.
When we examine the weekly maturity price chart;
I expect the decline to continue to 1.048 support or 1.023 support.
