In an interview with Bloomberg TV on the sidelines of the Jackson Hole Symposium, Atlanta Fed President, Raphael Bosticsaid he would like the entity’s policy to become “marginally” restrictive. Featured Statements The economy has been producing a lot of jobs each month, we want to see that start to slow down. Current inflation levels were […]
Tag: DollarIndex
The dollar index cuts losses and recovers the 108.60 area
The index fully reverses the initial decline to the 108.00 area. The US second quarter GDP revision surprised to the upside, coming in at -0.6% qoq. All attention remains on the start of the Jackson Hole Symposium. The US dollar index (DXY), which measures the USD against a set of its main competitors, manages to […]
US Dollar Index Price Analysis: Weakness is seen as a buying opportunity
DXY appears to have found some pretty decent support around 108.00. A visit to the 2002 highs should not be ruled out in the short term. The US Dollar Index (DXY) loses momentum and revisits weekly lows around 108.00 on Thursday. Despite the corrective move, it looks like the index may still go higher. That […]
Dollar Index (DXY) falls to weekly lows around 108.00 ahead of Jackson Hole
The index continues to fall and revisits the 108.00 area. The Jackson Hole Symposium begins today. US GDP and weekly jobless claims in the spotlight. The dollar gives up almost all of its weekly gains and falls back to the 108.00 area in the Dollar Index (DXY ) Thursday. Specifically, the index has touched a […]
DXY Price Analysis: Bets on a 2022 high test remain intact
The DXY recovers the smile after the sharp drop on Tuesday. Above 109.00 the dollar could revisit all-time highs. The US Dollar Index (DXY) fades Tuesday’s decline and returns to positive territory with the next target at the 109.00 area. A continuation of the bullish momentum looks increasingly likely in the short term. That said, […]
DXY Price Analysis: Break of year’s high will expose 109.77
DXY continues to rise and flirts with the 2022 high near 109.30. Further north comes the September 2002 high around 109.80. The US Dollar Index (DXY) maintains the recovery and trades within striking distance of 2022 highs near 109.30 on Tuesday. A continuation of the bullish momentum looks increasingly likely in the very short term. […]
GBP/USD recovers from two-year lows after PMI data, still below 1.1800
GBP/USD no clear direction after mixed UK PMI data. The US dollar loses strength due to stabilization in Treasury bonds and stock markets. Outlook for GBP/USD remains negative and closing below 1.1760 would be critical. GBP/USD is struggling once again to extend the recovery while holding below the 1.1800 level, following the release of a […]
Dollar index could reach 110 by the end of the week – ING
The dollar has remained in high demand at the start of this week. I knowING economists expect the Dollar Index (DXY) to reach the 110 zone by the end of the week. The dollar-supporting global macro picture seems unlikely to change “Some of the price action in dollar crosses may end up being determined by […]
US Dollar Index Price Analysis: The focus is now on 109.00 and above
The US dollar index (DXY) advances above 108.00 towards new highs. Beyond 109.00 comes the 2022 high near 109.30. The US Dollar Index (DXY) makes new highs above 108.00 at the start of the week. A continuation of the bullish momentum looks increasingly likely, at least in the short term. With that being said, there […]
EUR/USD could drop below 0.98 by the end of the year – Commerzbank
“Disconnection”. On the one hand, the market expects the Federal Reserve to lower its key rate significantly again in 2023, while the Fed itself assumes that it will have to keep its rates quite high for some time to successfully fight inflation. And she seems willing to do it too. The Commerzbank economists expect the […]