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Dollar Stabilizes After Slump; Chip Stocks Soar
28 Jan
Summary
- The dollar has stabilized following a slide that occurred yesterday.
- Global chip stocks and Nasdaq-100 futures saw gains.
- Investors anticipate the Federal Reserve's interest-rate decision today.
The dollar showed signs of stabilization today, recovering from a slide that took place yesterday. This pause in currency fluctuations comes as global stock futures indicated a positive opening.
Markets are keenly awaiting the Federal Reserve's interest-rate decision, which is anticipated to maintain current rates following three prior reductions. Investors will be closely monitoring any guidance on the timing of future rate cuts.
In the technology sector, global chip stocks and Nasdaq-100 futures experienced an upward trend. This rally was significantly influenced by ASML's announcement of record quarterly orders, signaling strong performance in the semiconductor industry.
