“The US Federal Reserve should quickly raise interest rates to a level where borrowing costs no longer stimulate the economy and should raise them further if high inflation proves persistent,” Richmond Fed President Thomas Barkinin statements collected by Reuters. Featured Statements “How far we’ll have to raise rates, in fact, won’t be clear until we […]
Tag: DollarIndex
US Dollar Index DXY looks firm above 100.00 ahead of US CPI.
The DXY index extends the rally above the 100.00 level on Tuesday. US 10-year yields trail behind the 2.80% level. US CPI inflation stands out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, maintains the upward trend and looks to extend momentum […]
US dollar index DXY makes new highs around the 100.00 level
The DXY index continues to rise and records new cyclical highs. US yields continue to trend higher on Friday. Wholesale inventory data for February is the only release on today’s calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, keeps the buying bias intact and rises […]
More raises aim for 100.00
DXY comes under pressure after hitting new cycle highs. Immediately on the upside comes the 100.00 mark. The US Dollar Index (DXY) is facing some downward pressure shortly after posting new highs in the 99.80/85 band, levels last seen in May 2020. Despite the current sharp rally, the price action around the index continues to […]
US Dollar DXY Index Pulls Back from Highs and Returns to 99.50 Region
The DXY index corrects lower after hitting highs around 99.75. US yields are also leaving the area of ​​recent highs. Initial jobless claims data and several Fed speeches stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, gives back part of […]
GBP/USD goes up and down after the publication of the aggressive FOMC Minutes
GBP/USD is on the defensive as the US dollar rallies on the FOMC aggressive line. The FOMC Minutes showed Federal Reserve officials expressing anxiety about inflation. The GBP was the strongest currency immediately after the release of the Federal Open Market Committee Minutes, jumping to 1.3107 before falling to the minutes’ low of 1.3056 as […]
Next upside target at 100.00
DXY is under pressure after hitting new cycle highs. Further rally could lead to a test of the revised 100.00 level in the short term. The US Dollar Index (DXY) is under some corrective pressure to the downside after hitting fresh cyclical highs around 99.75 on Wednesday. The DXY rally remains good and solid despite […]
USD/JPY rally to 124.00 ahead of Fed minutes
USD/JPY is attempting a bounce, finding support from firmer US Treasury yields. The pair struggles to resist above 124.00 amid a pullback in the US dollar. All eyes remain on the Fed minutes, which could highlight the divergence in monetary policy between the Fed and the BoJ. The pair USD/JPY is rallying towards the 124.00 […]
US dollar index DXY remains firm and targets the 100.00 level ahead of FOMC minutes
The DXY index extends the move higher and makes new highs around 99.75. US yields accelerate higher after Brainard’s comments on Tuesday. MBA mortgage applications, Harker’s speech and FOMC minutes stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, extends the […]
The bullish bias remains unchanged
DXY falters once again around the 99.00 region on Tuesday. More gains are likely on a close above 99.00. The US Dollar Index (DXY) trades within a tight range near the 99.00 zone so far on Tuesday’s reversal. DXY manages well to further extend the bounce away from decent containment in the 97.70 area (March […]
