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Your daily horoscope: February 16, 2026

  IF TODAY IS YOUR BIRTHDAY Mind planet Mercury links with luck planet Jupiter on your birthday, which means you will see with the utmost clarity what needs to be done. Don’t listen to those who urge caution – there are major rewards awaiting those who are willing to take a chance. ARIES (March 21 - April 20): If you have been finding it hard to get your message across lately you should be able to locate the right words today and tomorrow. The mental block that has been clouding your thinking will be swept away by the imminent solar eclipse. TAURUS (April 21 - May 21): Your ability to get along with employers and other important people will be put to the test over the next two or three days but almost certainly you will find you have more in common than what divides you. You’re on the same side. GEMINI (May 22 - June 21): Something that has been worrying you for quite some time will come to a head either today or tomorrow and the good news is it won’t be as horrible as you imagined...
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US Dollar Plummets as Federal Reserve Signals Rate Cuts in 2024

 


The US dollar has taken a hit after the Federal Reserve’s latest economic projections indicated that the interest-rate hike cycle has come to an end and lower borrowing costs are coming in 2024 . The Bloomberg Dollar Spot Index fell for a fifth day as fears of a recession and dovish Fed commentary spurred investors to wager the central bank will have to reverse its most aggressive tightening cycle since the 1980s .

The US dollar has fallen to a four-month low after the Federal Reserve’s latest economic projections indicated that the interest-rate hike cycle has come to an end and lower borrowing costs are coming in 2024 . The dollar slid to the weakest level since early August as swap traders ramp up bets the Federal Reserve will cut interest rates as early as May. 

The dollar remains vulnerable until we see a shift in market expectations for the Fed and that may be a 2024 story. With the dollar rally stalled, it will take some firm real sector data to challenge the current dovish Fed narrative.

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