US Market Movements and Anticipated Rate Cuts

US shares are showing positive trends, with the NASDAQ up 1.4% and the S&P 1% higher, as expectations rise for potential rate cuts from the Federal Reserve starting in September. This optimism is driven by low trading volumes, approximately 30% below the 30-day average, suggesting cautious investor sentiment. The US dollar has weakened, down 0.6% and reaching its lowest point since January, while other currencies like the Euro and the Pound have seen slight increases. Such movements indicate that markets are bracing for more clarity on monetary policy following upcoming events, particularly the Jackson Hole symposium and the Fed's critical meeting in September.