The DXY index extends the rally to new 2021 highs near 92.20. Investors’ attention remains on yields, inflation and the launch of vaccines. Wholesale inventories will be the only publication on the US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends the […]
Tag: Index Dollar
Not concerned about the Fed’s ability to deal with high inflation – Neel Kashkari
“I hope we can advance a lot this year in employment, it will depend on vaccines and the coronavirus,” said the president of the Minneapolis Federal Reserve Neel Kashkari, Reuters reported. Featured statements “It would be great to return to full employment by 2023.” “We need to go back to where we were before the […]
US Dollar Index Rises to 92.20 Following NFP Extraordinary Report
The DXY breaks above the 92.00 level and hits the 2021 highs. The US economy added nearly 380,000 jobs in February. The unemployment rate dropped to 6.2% (from 6.3%). The rise of the US dollar endlessly holding and trading at new 2021 highs by the 92.00 hurdle when tracked the US dollar index (DXY). Stronger […]
Bullish momentum emerges from the 92.46 zone
The DXY records new 2021 highs above the 92.00 barrier. The next hurdle is at the Fibonacci level at 92.46. The US Dollar Index (DXY) accelerated northward and hit new yearly highs just above 92.00 on Friday. A continuation of the uptrend seems likely in the short term. That said, there is a minor hurdle […]
US dollar DXY index hits 2021 highs and approaches 92.00 level before NFP
The DXY Index extends the rally above 91.70 on new yearly highs. Yields maintain their upward movement relentlessly and are targeting 1.60%. The US NFP Non-Farm Payroll Report stands out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends momentum to […]
Forex Today – Asian Session: Powell Boosts the Dollar … and Returns
What you need to know on Friday, March 5: The US dollar soared as US Treasury yields hit new one-year highs on the words of Federal Reserve Director Jerome Powell. As he repeated on several occasions, he pointed out that they are “on a low path” from their goals. On rates, he said the outlook […]
Next up target appears at 91.60
The DXY continues to press higher and is targeting the 91.40 region. Bullish attempts face the next hurdle at the 2021 highs at 91.60. The US Dollar Index (DXY) extends the bullish run and once again surpasses the 91.00 area, opening the door to a likely visit to multi-week peaks in the 91.35 / 40 […]
US Dollar Index DXY Looks For Direction Near 91.00 Before Powell And The Data
The DXY index is moving without a clear direction around the 91.00 level. Investors’ attention remains on US yields and inflation. Powell’s speech and initial jobless claims are high on the US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, struggles to find […]
Forex Today – Asian Session: Yields Back In The Spotlight
What you need to know on Thursday, March 4: The dollar managed to regain some ground against most major rivals, advancing once again alongside government bond yields. In the mid-European morning, the headlines showed that the European Central Bank reportedly sees no need for drastic action to slow recent developments in the bond market, according […]
The Fed Has Tools To Fight Both High And Low Inflation – Charles Evans
The President of the Federal Reserve Bank of Chicago, Charles Evans, He said on Wednesday that the Fed is not even going to think about reducing asset purchases until they see a further substantial improvement, as Reuters reported. Featured statements “Fiscal support will help us, Fed policy is accommodative and that’s appropriate.” “The Fed has […]
