The Fed published its Minutes from the September monetary policy meeting. Key statements: Participants reaffirmed that the committee’s standard of “additional substantial progress” with respect to its asset purchases was different from the criteria given in its future guidance on the federal funds rate. The committee has articulated a different and stricter test regarding the […]
Tag: Index Dollar
The US dollar index finds support around 94.20
The DXY is under pressure and is withdrawn to the 94.20 region. The US headline CPI rose 5.4% year-on-year in September, above consensus. The FOMC Minutes will be published later in the American session. The US Dollar Index (DXY), which measures the dollar against a basket of its main competitors, maintains the sell bias unchanged […]
Forex Today – Asian Session: Deteriorated Mood Drives Dollar Demand
What you need to know on Wednesday, October 13: Market participants continued to fight for a catalyst as the macroeconomic calendar remained tight. Overall, risk aversion dominates the scene amid headwinds from China related to financial stability and the current energy crisis. Additionally, the International Monetary Fund lowered its global growth forecast amid “seeing major […]
Inflation is ‘well above’ a moderate overshoot of the 2% target – Richard Clarida
“I myself believe that the standard of ‘further substantial progress’ has been more than met with respect to our price stability mandate and almost met with respect to our employment mandate,” he said Tuesday. Fed Vice Chairman Richard Clarida according Reuters. Featured statements “If the recovery continues, a gradual reduction in asset purchases will soon […]
US employment slowdown should not derail phase-down timeline – Raphael Bostic
Atlanta Federal Reserve Chairman Raphael Bostic, told the Financial Times on Tuesday that the slowdown in the US labor market should not spell out the Fed’s downsizing schedule, as reported Reuters. Featured statements “The job market had made enough profits to allow the central bank to cut, or cut, its $ 120 billion a month […]
Forex Today – Asian session: Risk aversion supports the dollar
What you need to know on Tuesday, October 12: The week started in slow motion with market participants searching for new catalysts. Generally speaking, concerns persisted as worrying headlines came from China putting a cap on Friday’s rally in stocks. Once again, Evergrande missed a foreign dividend payment, while another local giant, developer Sinic Holdings, […]
USD / JPY recovers to new three-year highs around 113.30
USD / JPY breaks above 113.00, the level last seen in December 2018. Rising US Treasury yields and the strength of the US dollar are the main drivers of the USD / JPY pair. The USD/JPY It is skyrocketing during the American session, trading at 113.38, up 1.03% at the time of writing. The risk […]
US Dollar Index Turns Around 94.00 After NFP Report
The DXY quickly faded the initial optimism and fell below 94.00. The US economy added 194,000 jobs in September compared to an expected 500,000. The US unemployment rate fell to 4.8% (from 5.2%). The US Dollar Index (DXY), which measures the dollar against a set of its main rival currencies, retakes the 94.00 barrier after […]
US dollar DXY index picks up near 94.30 ahead of PNF
The DXY index leaves behind Thursday’s retracement and advances to 94.30. US 10-year yields are approaching the key 1.60% level on Friday. All attention will be on the NFP Nonfarm Payrolls at the start of the American session. The US dollar DXY index, which measures the strength of the dollar against a basket of major […]
Forex Today – Asian Session: Markets Bullish On US Non-Farm Payroll Report
What you need to know on Friday, October 10: Markets were in a better mood Thursday amid news that Senate Majority Leader Chuck Schumer announced a deal to extend the debt ceiling by $ 408 billion through early December. Furthermore, gasoline prices fell in Europe, taking some of the pressure off these days. Gas prices […]
