The DXY index remains under pressure below the 92.00 level. Concerns about the pandemic continue to attract investors’ attention. No economic releases are expected on the US calendar in a shorter session on Friday. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, holds up well […]
Tag: Index Dollar
DXY Price Analysis: More Falls Looks Possible
DXY meets discord in the vicinity of 91.80 on Thursday. Immediately downwards, the lows of this year appear at 91.74. The US Dollar Index (DXY) survives around the eight-month support line at the 92.00 area and has been able to bounce off previous lows at the 91.85 / 80 band so far. The outlook for […]
US Dollar DXY Index Falls Below 92.00 Level
The DXY index extends the move lower and falls below 92.00. Hopes for vaccines and increased stimulus support risk appetite in markets. US markets are closed due to the Thanksgiving holiday. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, remains under pressure for another day […]
No need to make immediate adjustments to the pace of asset purchases
Minutes of the FOMC meeting Nov. 4-5 showed on Wednesday that lawmakers deemed immediate adjustments to the pace and composition of purchases are not necessary However, policy makers further noted that circumstances could change to justify such adjustments. Market reaction The US Dollar Index did not show an immediate reaction to the FOMC minutes and […]
Personal income decreased 0.7% in October compared to 0% expected
Personal income declined in the US in October. Personal spending increased more than expected in the same period. The DXY US Dollar Index remains in negative territory slightly above 92.00. US personal income fell -0.7% on a monthly basis in October after September’s rise of 0.7% (revised from 0.9%), the US Bureau of Economic Analysis […]
DXY US Dollar Index appears listless around the 92.00 level after US data.
The DXY index is holding around the 92.00 level so far. US GDP is expected to expand 33.1% during the third quarter. Initial US jobless claims fell short of estimates and rose by 778,000 last week. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, keeps […]
Increase the odds of a move to 91.70
The DXY index briefly breaks below the key support of 92.00 on Wednesday. Lower down are the yearly lows near 91.70 (September 1). The DXY index appears to have found initial support at the 91.95 / 90 region, where it finds a Fibonacci retracement from the 2017-2018 dip. The short-term outlook remains bearish, leaving the […]
US Dollar DXY Index Nears 92.00 Level Ahead of Key Data
The DXY index remains on the defensive near the 92.00 level. Risk appetite puts additional pressure on the dollar. The FOMC minutes, the PCE index and initial jobless claims will be released during the American session. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, accelerates […]
Fed: accommodative monetary policy helps economy weather the storm
The Federal Reserve has taken an approach that will naturally adjust if the economy does better than expected, the president of the Federal Reserve said on Tuesday. New York Federal Reserve John Williams to the Wall Street Journal, according to Reuters. Additional conclusions “Accommodative monetary policy is helping the economy weather the storm.” “The policy […]
Strong support sits around 92.00
The DXY did not break below 92.00 and rebounded. Further south, the lows of this year emerge near 91.70 (September 1). The US Dollar Index (DXY) continues to flirt with the eight-month support line, around 92.15 today, as the selling bias appears to have returned to the dollar. The outlook for the index remains negative […]
