G7: Financial System Is Robust

The G7 Communique has reaffirmed the financial system’s resilience and reiterated the commitment to preserving financial and economic stability.

Additionally, the statement notes that central banks are still steadfastly dedicated to achieving price stability.

The Consumer Price Index (CPI), which climbed in March at a slower-than-expected rate and a minute from the FOMC’s March 21–22 meeting, when the rate hike was widely perceived as dovish, put pressure on the US Dollar on Wednesday, pushing it down to 101.50 DXY. DXY has decreased today from a high of 102.15 to a low of 101.449.