The DXY struggles to get momentum above 90.30. A move up and a test to 91.00 still remain on the charts. After bottoming out at new lows near 89.20 early in the new year, the dollar managed to find demand and extended the move to the 90.70 zone earlier in the week, where it met […]
Tag: Index Dollar
DXY US Dollar Index Seeks Direction Around 90.40 Level
The DXY index looks to extend Wednesday’s gains in the 90.40 region. The focus remains on Treasury yields and US policy on Thursday. Fed Chairman Jerome Powell’s speech and initial US jobless claims are prominent on today’s economic calendar. He US dollar DXY index, which measures the strength of the dollar against a basket of […]
AUD / USD extends bounce above 0.7750 as USD bulls take a breather
AUD / USD benefits from a pause in the bounce of the US dollar. Treasury yields hold firmer after Biden’s $ 2 trillion stimulus plan. The additional rise depends on the US data and the speeches by Powell and Biden. He AUD/USD moves higher at the start of the European session of the jeuves, now […]
Most Fed Districts Say Economic Activity Increased Modestly
Most Federal Reserve districts have reported that employment increased, albeit at a slower pace, noting that the recovery remains incomplete, the Fed’s Beige Book showed on Wednesday. Additional comments summarized by Reuters: “A growing number of districts reported a drop in employment levels relative to the previous reporting period.” “Labor demand was strongest in the […]
Brainard says they’re poised to increase the number of bond purchases
The US Federal Reserve is prepared to increase the amount of bond purchases if necessarySt. Louis Federal Reserve Chairman James Bullard said Wednesday, Reuters reports. “Asset purchases have been a key part of the monetary policy response to the pandemic and are providing substantial support in the form of lower rates,” added Bullard. “Mortgage-backed securities […]
Brainard says the new approach to monetary policy avoids the need for preemptive adjustments
St. Louis Federal Reserve Chairman James Bullard said Wednesday that the Federal Reserve’s new approach to monetary policy avoids the need for preventive adjustments, as reported by Reuters. Additional comments: “Avoiding a preventive rate adjustment could boost employment and the growth rate potential of the economy. “ “The moment of takeoff of the interest rate […]
Bullard says US debt is still considered a safe-haven asset and the dollar a reserve currency
St. Louis Federal Reserve Chairman James Bullard said Wednesday that US Treasuries are still considered safe haven assets and that the US dollar is a reserve currency, as reported by Reuters. Comments additional: “Monetary policy in 2020 was very successful, avoided financial panic“. “Deaths per day are likely to have peaked, and as they go […]
US Dollar DXY Index Holds Profit Above 90.20 Level
The DXY index remains unchanged upside bias above the 90.00 level. The general CPI for December in the United States rose 0.4% month-on-month, the core CPI 0.1% month-on-month. Later the Fed Beige Book will be published. Attention will also turn to various Fed speeches. He US dollar DXY index, which measures the strength of the […]
A move to 91.00 is not ruled out
DXY resumes higher after Tuesday’s negative close. The uptrend is expected to continue to reach 91.00. After bottoming out at new lows near 89.20 early in the new year, the dollar found buyers and extended the move to the 90.70 zone earlier in the week. If the bullish attempt becomes more sustainable, there is a […]
The Fed Will Not React If Inflation Rises Above 2% – Esther George
“The Federal Reserve is quite capable of controlling inflation; the questions are always around at what point and how much“The President of the Federal Reserve Bank of Kansas City said Tuesday, Esther George, as reported by Reuters. Featured statements: “We will have to think about the sustainability of the fiscal debt in the future, but […]
