What to know:
- The market appears to have collectively lost its mind, betting a staggering 99.8% chance of June’s rate cut—because who doesn’t love surprises? 🧙♂️
- Inflation, that sneaky little rascal, is sitting at 2.4%—just below the soothsayers’ 2.5%, charming us into believing monetary easing is on the menu.
Behold! The dollar index (DXY), that grand gauger of greenback glamour, took a nosedive below 98 for the first time since early 2022, as if it’s tired of being the global economic aristocrat and decided to go on a отдыха (that’s Russian for “vacation”).
This pivot hints at a seismic symphony in the world’s currency markets, whispering softly that risk assets—yes, including your beloved crypto—might finally get their moment in the sun. 🌞
Remember when a DXY above 100 meant dollar dominance? Ah, sweet naivety! Now it’s a sign of risk aversion, burdening stocks and digital tokens, while the weaker dollar provides liquidity’s warm hug—ideal for those daring enough to dabble in speculative orgies.
Why the dollar’s doing the limbo? Well, inflation’s almost too benign at 2.4%, just a hair below the expected 2.5%, giving markets a reason to cheer—and expect a dovish monetary tune. 🥳
The CME FedWatch clad in its mystical robes whispers that there’s almost a certainty—99.8%—that rates will be sliced in June, bringing us to the range of 4.25-4.50%. 🎯
Meanwhile, whispers of de-dollarization and political drama from Trump’s trade antics fan the flames of dollar doubt, effectively pushing it into the twilight zone of currency confidence. 🎭
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2025-06-12 14:49