DXY revisits the area below 105.00 on Thursday. A drop below 104.60 would open the door for further losses. The US Dollar Index (DXY) remains defensive and pushes the 105.00 support to further pressure on Thursday. If the selling trend picks up pace, the dollar risks a deeper pullback to initially the August low at […]
Tag: DollarIndex
The dollar index falls below 105.00 after the CPI
The index loses more momentum and breaks the 105.00. The US headline CPI disappointed July estimates. The probability of a 75 basis point rise was reduced after the data. On Wednesday, the USD plunged to multi-week lows below 105.00 when measured by the US dollar index (DXY). The US dollar index plunged after the release […]
DXY Price Analysis: A further drop to 105.00 seems likely
DXY is under further downside pressure near 106.00. Further weakness could see the 105.00 area retested in the short term. The US Dollar Index (DXY) falls for the third session in a row and once again challenges the 106.00 zone ahead of the release of US inflation figures. If the selling bias gathers pace, the […]
US Dollar Index Price Analysis: Bets are up for a retest of 105.00
DXY adds to recent weakness and challenges 106.00. A further move towards the 105.00 area is still well underway. The US Dollar Index (DXY) extends the weekly correction lower and briefly breaks the 106.00 zone on Tuesday. Continued selling pressure should expose a deeper pullback to initially the August low near 105.00 (Aug 2). This […]
US Dollar Index Price Analysis: Support remains around 105.00
DXY retraces part of Friday’s strong advance and returns to 106.30. Further weakness could see recent lows near 105.00 revisited. On Monday, the US dollar index (DXY) is under pressure and partially reverses Friday’s gains to around 107.00. Continuing selling pressure could facilitate a deeper pullback to initially the August low near 105.00 (Aug 2). […]
Fed: Big interest rate hikes could continue – Michelle Bowman
In an appearance before the Kansas Bankers Association on Saturday, the Governor of the US Federal Reserve (Fed), Michelle Bowman said she strongly supports large-scale interest rate hikes to fight inflationaccording to the Wall Street Journal (WSJ). Featured Comments “I strongly supported the Fed’s 0.75 percentage point rate hike last month” Y “similarly sized raises […]
Dollar index rises to multi-day highs near 107.00
The index gets extra pace after July’s NFPs. The US economy created more jobs than expected last month. The US unemployment rate fell to 3.5% in July. The USD, in terms of US dollar index (DXY)accelerates the gains until reaching new monthly highs around 107.00 on Friday. US dollar index is buoyed by payroll figures […]
DXY Price Analysis: Further losses expected below 105.00
The DXY keeps the erratic behavior unchanged so far this week. Bears resumption could retest 105.00. The US Dollar Index (DXY) advances modestly after Friday’s sharp decline. Continuing selling pressure could facilitate a deeper pullback to initially the August low near 105.00 (Aug 2). This initial containment zone appears to be reinforced by the 55-day […]
US: China’s provocative actions are a significant escalation – Anthony Blinken
US Secretary of State Anthony Blinken has returned to comment, via Reuters, saying that “China’s provocative actions are a significant escalation“. Additional comments The United States has repeatedly told China that not looking for a crisis Pelosi’s visit was peaceful and does not justify China’s extreme response There is no justification for the answer “grossly […]
US Dollar Index Price Analysis: Next target on the upside is 107.40
The US Dollar Index (DXY) is trading with no clear direction around 106.40. Occasional bullish attempts are targeting the weekly high near 107.40. The US Dollar Index (DXY) attempts a consolidation move at the 106.50 area on Thursday amid a cautious tone ahead of the July Non-Farm Payrolls release on Friday. Meanwhile, the index’s occasional […]
