The US dollar experienced a significant decline during last week’s currency market trading, primarily driven by inflation data concerning producer and consumer prices in the United States. This decline occurred despite positive results in unemployment benefits.
Bank of America stated that high-risk assets, including stocks, are becoming more appealing as investors inject more liquidity into the market. This trend suggests that inflation may be starting to recede.
The Dow Jones Industrial Average rose as a result of robust earnings reported by major banks and companies, signaling the beginning of the earnings season for the second quarter of this year.