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Sign InThe US Dollar experienced a significant reversal, ending last week as the worst performer among major currencies. This underperformance was driven by a hawkish shift from the European Central Bank (ECB), which outweighed the Federal Reserve's stance following a recent oil price shock. Despite a global equity sell-off, the Dollar failed to function as a traditional safe haven, breaking historical market correlations. Meanwhile, the USD/CHF pair faced rejection at a key resistance zone, halting the recovery momentum seen since the February lows. These developments follow a period of intense pressure on non-yielding assets like Silver, which had previously plummeted by 4%. Market participants are now shifting their focus to the upcoming Non-Farm Payrolls (NFP) report to gauge the next move in monetary policy.