“It would be extraordinary if inflation went up to 3%, and if it did, it wouldn’t be a real problem,” he said Wednesday. the president of the Federal Reserve Bank of Chicago, Charles Evans, Reuters reported. Featured statements “Looking for a strong rebound in the US economy this year.” “There is still a huge gap […]
Tag: Index Dollar
The rally is still capped by 91.60
DXY regains some strength after Tuesday’s pullback. Bullish attempts remain limited around the 2021 highs near 91.60. The DXY It failed to break above the 91.00 level on Wednesday, retreating into negative territory after hitting multi-week highs at the 91.35 / 40 zone. An overcoming of the latter, ideally in the short term, has the […]
US Dollar DXY Index Clings to Gains Below 91.00 Level
The DXY index leaves Tuesday’s decline behind and regains some ground. Inflation expectations in the United States continue to rise and support the dollar. The ADP report and the ISM Services PMI stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of the […]
Forex Today – Asian Session: Dollar Down Along With Yields
What you need to know on Wednesday, March 3: The US dollar lost its luster before the Wall Street open, falling against all of its major rivals. Stocks were mixed, but US Treasury yields fell and remained within familiar levels, cooling demand for the dollar. EUR / USD rallied towards the 1.2080 region, while GBP […]
There is still a lot of ground to cover in relation to employment and inflation – Lael Brainard
When asked about market expectations for past rate hikes, the governor of the Reserva Federal, Lael Brainard, said there is still a lot of ground to cover in terms of employment and inflation, as reported Reuters. Additional declarations “The FOMC statement provides very clear guidelines for both rates and asset purchases.” “The potential for fiscal […]
Fed: Fed will remain patient with monetary policy
Regarding possible adjustments to its monetary policy, the Federal Reserve will remain patient, it said on Tuesday. Federal Reserve Governor Lael Brainard, Reuters reported. Featured statements “Seeing a Strong Modal Outlook for the US Economy in 2021”. “Coronavirus vaccines and fiscal spending point to steady economic improvement.” “The Fed is focused on the progress made […]
The next upside target is at 91.60
DXY extends the bounce above 91.00. Further north, February highs emerge around 91.60. The DXY rallied even higher and managed to hit new 4-week highs near 91.40. This zone coincides with the 100-day SMA (91.29). DXY bullish momentum accelerated and has the potential to extend to the 2021 highs at the 91.60 zone (Feb 5), […]
US dollar DXY index moves to 4-week highs near 91.30
The DXY index extends the rise and advances to 91.30. US 10-year yields hold range above 1.40%. The IBD / TIPP index and some Fed speeches stand 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 recent gains above the […]
Forex Today – Asian Session: Optimism From Stimulus, Coronavirus Concerns
What you need to know on Tuesday, March 2: Upbeat US data and better equity performance pushed the dollar higher against European rivals and lower against commodities. EUR / USD is trading below 1.2100 while GBP / USD was rejected from around 1.4000.The Australian dollar and the Canadian dollar advanced, even as commodity prices fell. […]
The pandemic showed failures in the financial system – Lael Brainard
The coronavirus outbreak revealed flaws in the financial system and reforms should be considered to better protect against shocks in the future, it said Monday. Federal Reserve Governor Lael Brainard, Reuters reported. Key statements “The money market exits, in particular, showed ideas like variable prices, minimum deposits, which could be necessary to stop the development […]
