USD Index plummets to 2-month lows in the sub-109 region – by pabspiovano DollarIndex CPI Inflation Currencies Majors
US yields drop to multi-session lows following US inflation results., which tracks the greenback vs. a basket of its main rivals, rapidly loses momentum and breaches the 109.00 to chart new multi-week lows on Thursday.The selling pressure in the dollar was exacerbated after US inflation figures surprised to the downside in October, rising 7.7% vs. the same month of 2021 and 0.4% on a monthly basis.
Additional data in the calendar saw usual Initial Jobless Claims rise by 225K in the week to November 5. In the meantime, investors’ repricing of a probable pivot in the Fed’s policy now emerges as a fresh and quite reliable source of weakness for the dollar, in line with a corrective decline in US yields across the curve.: Inflation Rate, Initial Jobless Claims, Monthly Budget Statement – Preliminary Michigan Consumer Sentiment .: US midterm elections. Hard/soft/softish? landing of the US economy. Prospects for further rate hikes by the Federal Reserve vs.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD Index: Defense of key 109/108.70 support can trigger rebound – SocGenThe US Dollar Index recently faced stiff resistance at 114.80. This test has stalled the uptrend resulting in a sideways consolidation. DXY could test
Weiterlesen »
USD Index Price Analysis: Losses expected to accelerate below 109.00DXY picks up some buying interest and briefly tests the area just beyond 110.00 the figure on Wednesday. Further weakness in the dollar should not be
Weiterlesen »
USD/CAD AUD/USD & Gold Technical Trade SetupsUSD/CAD breaking below key pivot zone- initial support objective in view. AUD/USD now testing key confluent resistance- breakout potential. Gold breakout underway – initial resistance objectives in view.
Weiterlesen »
USD Index: Bullish move runs out of steam near 110.60The dollar’s recovery appears to be losing some momentum after reaching daily highs around 110.60 when tracked by the USD Index (DXY) on turnaround Tu
Weiterlesen »
USD Index remains on the defensive near 109.50, focus on data, electionsThe USD Index (DXY), which gauges the greenback vs. a bundle of its main rivals, extends the decline and revisits the 109.50/40 band on Wednesday. USD
Weiterlesen »
USD Index at a potential turning point for the year – DBS BankThe US Dollar Index (DXY) depreciated a third session by 0.5% to 109.62, closing below 110 for the first time since 26 October. As economists at DBS B
Weiterlesen »