Global markets are gearing up for a difficult two days as the end of the month approaches, with portfolio rebalancing flows driving trading trends. Investors appeared to have already gotten a glimpse of this during yesterday's session, as moves showed hesitation and mixed pressure on the dollar.
While traders had priced in approximately 55 basis points of a Fed rate cut by the end of the year, the dollar found temporary support at the start of the US session yesterday. However, the US currency quickly pared its gains, ending trading without a clear direction, reflecting the prevailing volatility
