Exploring the dollar's decline and busy week of central bank decisions

The big talking point in the FX market in the past couple of weeks has been the sell-off in the US dollar, which has lost ground against almost every currency globally. FOMC chair Powell has hinted that a first US rate cut may be close, and markets are now eyeing the bank’s June meeting as the start date for easing. US macroeconomic data, meanwhile, has been rather mixed, with a weak nonfarm payrolls report offset by hotter-than-expected inflation data. The coming week looks set to be ...