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Tag: Index Dollar

Dollar Index Could Fall 10% Over Next 12 Months – Morgan Stanley

Dollar Index Could Fall 10% Over Next 12 Months – Morgan Stanley

The US dollar could fall 10% over the next 12 monthsMorgan Stanely’s Mike Wilson told Bloomberg while rating a weak dollar as part of the investment bank’s reflation story. The thesis is that the dollar should be weaker as the United States is likely to be more aggressive with structural deficits in the future. Analysts […]

Most Fed districts say expansion has been modest or moderate

Most Fed districts say expansion has been modest or moderate

Most Federal Reserve Districts pointed out that the expansion of economic activity in November has been moderate or moderate, showed on Wednesday the Fed Beige Book. Additional findings summarized by Reuters “In most districts, businesses reported moderate to moderate price increases for inputs, while sales prices for final products increased at a slight to moderate […]

Fed: Growth is slowing due to lack of fiscal aid

Fed: Growth is slowing due to lack of fiscal aid

The US economy was recovering stronger than expected until recently, it said on Wednesday. New York Federal Reserve Chairman John Williams, Reuters reported. Additional conclusions “We are still in a very deep recession.” “Recent data showed signs of a slowdown in the pace of growth due to the second wave of COVID cases.” “Growth is […]

It would be very useful to have additional fiscal support to get through the winter

It would be very useful to have additional fiscal support to get through the winter

The Chairman of the Federal Reserve, Jerome Powell, is answering questions before the House Financial Services Committee on the second day of his testimony on Capitol Hill. Featured statements: “The Fed has made about $ 5 billion in loans under the Main Street Program. “ “Definitely consider expanding unemployment insurance programs“. “Small businesses and state […]

A move to 90.00 remains on the cards

A move to 90.00 remains on the cards

DXY falls and records new yearly lows just above 91.00. The stakes for a deeper pullback continue to rise. The bearish momentum surrounding the dollar remains unchanged despite the ongoing rebound from the previous 30-month lows around 91.10. Dollar selling pressure is expected to ease somewhat above 92.80 (November 23 high), although further losses continue […]

US dollar DXY index regains some traction after falling to new 2020 lows

US dollar DXY index regains some traction after falling to new 2020 lows

The DXY index remains under pressure and is targeting 91.00. The dollar falls to 2020 lows in the region of 91.10. The release of the ADP report, Powell’s testimony, and the Fed’s Beige Book stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket […]

USD / JPY recovers above the 104.50 level

USD / JPY recovers above the 104.50 level

USD / JPY is trying to bounce along with the DXY index. Risk aversion returns after another all-time high on Wall Street. Investors’ attention is focused on updates on US fiscal stimulus and ADP employment data. Once again have appeared new purchases near the 104.20 region, allowing the USD / JPY pair to rebound above […]

Low rates increase the risks of the financial system

Low rates increase the risks of the financial system

“The Federal Reserve stands ready to respond with the full range of policy tools until COVID-19 is behind us,” he said Tuesday. the president of the San Francisco Federal Reserve, Mary Daly, as reported by Reuters. Additional conclusions “The trajectory of public health is very worrying.” “Continued support from monetary policy will be needed to […]

We have a long way to go towards recovery

We have a long way to go towards recovery

Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, continues to testify before the Committee on Banking, Housing and Urban Affairs of the United States Senate. Featured statements: “The US economy has performed better than expected.” “We have a long way to go in recovery“. “Most of the recovery aid should […]

Powell Speech: We Need More Fiscal Support

Powell Speech: We Need More Fiscal Support

The President of the FOMC, Jerome Powell, reiterated Tuesday that US Federal Reserves remain committed to using all of their tools to support the economy through the coronavirus crisis. “We will continue to provide strong support,” Powell told the US Senate Banking Committee, noting that it is likely that need more fiscal support. “Inequality is […]