TechFlow news: On January 28, according to JIN10 Data, Chris Turner, an analyst at ING, noted that the sell-off in the U.S. dollar could intensify. If the U.S. Dollar Index decisively breaks below its previous low near 96.2 (last seen in September), the dollar could fall another 3%. The dollar’s performance ahead of the Federal Reserve meeting is critical—any Fed pivot toward pausing rate cuts could provide some support for the dollar. However, Turner emphasized that if any rebound proves weak and the dollar closes lower on the day, it would send a strong bearish signal. Meanwhile, earnings reports from Meta, Microsoft, and Tesla are also under scrutiny; any disappointing results could serve as another headwind for the dollar, given that U.S. consumer spending relies heavily on stock market performance.
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