Dollar Stays Range-Bound as Markets Bet on a Dovish Fed

The US dollar remains locked in a narrow trading range across global currency markets, reflecting investor uncertainty about the Federal Reserve's next policy moves. Markets are increasingly pricing in a dovish shift, which is dampening the dollar's appeal to carry traders. Analysts note that market participants are awaiting fresh macroeconomic data and Fed officials' statements to recalibrate their bets. For Kazakhstani investors, the dollar's trajectory matters directly, as it influences the tenge exchange rate and import costs. A weaker dollar could eventually support commodity-linked currencies and raw material prices.