US Dollar Index (DXY) at new highs just above 108.00. There is now room to hit 2022 highs beyond 109.00. The US Dollar Index (DXY) rises for the third session in a row and trades at fresh multi-week highs just above 108.00 on Friday. Continuation of the bullish momentum is now expected to target the […]
Tag: DollarIndex
Dollar index advances to 4-week high near 107.70
The index continues its strong recovery and is approaching 108.00. The speeches of the members of the Fed reinforced the recent increases of the dollar. Yields resume the upward trend throughout the curve and support the dollar. The dollar, in terms of the Dollar Index (DXY), continues to rise and reaches multi-week highs around 107.70 […]
US Dollar Index Price Analysis: Further rise above 107.00 likely
The US Dollar Index (DXY) adds to Wednesday’s rally and heads back to 107.00. Above 107.00 the index could revisit the weekly high at 107.42. The US Dollar Index (DXY) extends the gains for the second consecutive session on Thursday, although at the moment it remains difficult to test the 107.00 area. The continuation of […]
The Dollar Index continues to advance and approaches 107.00
Improving dollar sentiment lifts the index close to 107.00. US yields remain subdued after the post-Minutes advance. Weekly jobless claims figures, the Philadelphia Fed index and housing data will be released later. The Dollar Index (DXY)which measures the greenback against a set of its main rivals, continues Wednesday’s advance and flirts with the 107.00 area […]
Fed: Labor market remains strong — Michelle Bowman
Federal Reserve Governor Michelle Bowmansaid Wednesday that a strong U.S. job market, a recovery in the service sector and the opening of more schools and daycare centers are likely to see more women return to the workforce. “We continue to see strong job gains and low unemployment rates, the type of job market that has […]
FOMC Minutes: Interest Rates Would Have to Reach ‘Restrictive Sufficiently’ Level to Control Inflation
have been published the Minutes of the policy decision of the Federal Open Market Committee (FOMC) that took place at the July 26-27 policy meeting and that may shed light on how aggressive they expect to be: All participants in the July 26-27 policy meeting agreed that an interest rate hike of 75 basis points […]
US Dollar Index Price Analysis: Short-term target emerges at 107.00
US Dollar Index (DXY) maintains weekly bounce near 106.80. A further rally seems likely once it breaks above 107.00. The US Dollar Index (DXY) down quickly on Tuesday’s inconclusive price action and resumes rally towards upper end of recent range near 106.80. The continuation of the bullish momentum could extend to the August high near […]
DXY Price Analysis: Break of 107.00 exposes 107.42
DXY extends the rally and flirts with 107.00. Further up is the weekly high around 107.40. The US Dollar Index (DXY) extends the rebound from recent lows and approaches the key barrier of the 107.00 zone on Tuesday. The continuation of the bullish momentum could extend to the August high near 107.00 (Aug 5). Once […]
EUR/USD extends sell-off below 1.0200 as dollar bulls refuse to budge
The EUR/USD pair is undergoing heavy selling as the US dollar continues to rise amid risk aversion. Recession fears as Germany’s energy crisis deepens adds pressure to the euro. The sell-off in Treasury yields does not support the pair. The EUR/USD it is falling like a house of cards, having given way to the 1.0200 […]
DXY Price Analysis: Solid support at 104.60
DXY posted gains for the first time this week. The 104.60 zone offers solid containment so far. The US Dollar Index (DXY) recovers buying interest and recovers the area above 105.00 at the end of the week. The index remains well supported by recent lows in the 104.60 region, an area also reinforced by the […]