The DXY index lacks a clear direction and is hovering around 93.40. Investors’ attention shifts to the final debate between Trump and Biden. Housing data and speeches by Fed members stand out on the US calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, moves […]
Tag: Index Dollar
US Dollar DX Index regains some ground and returns to 93.30
The DXY index remains under pressure at multi-day lows near 93.20. Stimulus hopes continue to weigh on the US dollar on Monday. The NAHB index improved further to 85 points in October (from 83). The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, remains under selling […]
Next bearish target is at 93.00
The DXY loses momentum quickly and falls to lows in several days. The next significant support is around the 93.00 area. After another failure of the tough six-month resistance line at the 93.80 / 90 band, the US Dollar Index (DXY) had a downward correction to the 93.20 region so far, to lows at six […]
US Dollar DXY Index Turns Negative Near 93.60 Before Powell
The DXY index loses ground and falls back to the 93.65 / 60 region on Monday. The pandemic and US politics continue to drive trends and appetite for risk. The NAHB index and various speeches by Fed members stand out on today’s economic calendar. The US Dollar DXY Index, which measures the strength of the […]
The Fed was set up to make sure credit flows to businesses
The Chairman of the New York Federal Reserve, John Williams, It said on Friday that COVID hit certain sectors hard, such as travel and the arts, as reported by Reuters. “The Fed was established to make sure that credit flows to businesses and state and local entities,” Williams said. Commenting on the economic outlook, Williams […]
The US dollar index bounces away from lows near 93.50
DXY remains on the defensive at the end of the week near 93.70. US retail sales surprised to the upside in September. The US Dollar Index (DXY), Measuring the dollar against a basket of its main rivals, it remains on the defensive so far this Friday. The US dollar index on the lookout for additional […]
Bullish momentum misses 94.00 moment
The DXY rally meets a stiff barrier just below the 94.00 mark. The next relevant resistance emerges near 94.80. After bottoming out at the 93.00 zone earlier in the week, the US Dollar Index (DXY) regained its composure and managed to visit the 93.80 / 90 band. The six-month resistance line in this area remains […]
US dollar DXY index retreats from highs just below 94.00 level
The DXY index returns part of the gains and moves back towards the 93.70 region. The markets’ attention remains on US politics and the second wave of COVID-19. Retail sales data, University of Michigan consumer sentiment and industrial production data stand out on today’s US calendar. He US Dollar DXY Index, which measures the strength […]
Fed: Spending could recover faster than employment
The unemployment rate in the US remains very high and could reach 11% if you include people who left the labor force, said Thursday President of the Federal Reserve of Richmond, Thomas Barkin, Reuters reported. Additional conclusions “2% is an inflation target, not a ceiling.” “I don’t have a stimulus bill in my economic forecast.” […]
The US dollar index rises and is approaching 94.00
DXY gains more traction and is trading near 94.00. Confidence in risk rules global markets and underpins the dollar. Initial US claims increased more than expected by 898,000 per week. The dollar, in terms of US dollar index (DXY), takes extra momentum and manages to test the key 94.00 barrier on Thursday. US dollar index […]
