The DXY loses more ground and falls to the 92.00 region. A further drop is still likely with the next target near 91.70. The US Dollar Index (DXY) resumed bearish runs on Monday and is looking to break the eight-month support line after Friday’s marginal gains. The outlook for the dollar remains negative, and therefore […]
Tag: Index Dollar
US dollar DXY index resumes decline and visits 92.20 region
The DXY index flirts with the 8-month support line near 92.20. The risk appetite sentiment prevails at the beginning of the week. Markit’s preliminary PMI, the Chicago Fed Manufacturing Index and several Fed speeches will draw investors’ attention. The US dollar DXY index, which measures the strength of the dollar against a basket of the […]
Fed: We will wait for spring to see how things go and decide if we can do more to increase QE
Pandemic loan programs have been very helpful and it is disappointing to see them end, he said Friday. the president of the Federal Reserve Bank of Chicago, Charles Evans, told CNBC, Reuters reported. Additional conclusions “The economy is working through the virus.” “We are concerned about the increase in cases, challenged sectors such as the […]
Bearish pressure eases above 93.20
DXY without a clear direction on Friday near 92.30, although still showing weakness. A further drop is still likely with the next target near 91.70. The US Dollar Index (DXY) continues to struggle to reverse six consecutive sessions with losses around the six-month support line at the 92.30 / 20 band at the close of […]
US dollar DXY index rises to daily highs around 92.40 level
The DXY index reverses the recent drop and climbs back to the 92.40 region. The markets’ attention remains on the pandemic, the Fed and politics. The absence of US data releases leaves the focus on risk trends. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
Short-term bullish attempt
The DXY index regains some traction and hits highs around 92.70 / 75. A further drop is still likely with the next target near 91.70. The DXY index stops a 5-day negative streak and rises to the 92.70 / 75 region, at new 3-day highs on Thursday. Despite the current bullish attempt, the broader focus […]
US Dollar Index DXY moves to daily highs near 92.70 ahead of US data.
The DXY index regains traction and advances to the 92.70 zone. The pandemic and vaccines remain in the spotlight until now. Initial jobless claims and the Philadelphia Fed Manufacturing Index 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, reverses […]
The arrival of the vaccine is expected to cause a drop in the dollar in 2021
In the midst of the current saga of vaccines against the coronavirus (COVID-19), the Financial Times (FT) published an article, relying on Wall Street analysts, to suggest a 20% drop in the US dollar index (DXY) during the year. 2021 if vaccines cause an economic rebound. The report quotes Calvin Tse of Citi Bank as […]
A divided government is very likely
Tom Barkin, Chairman and CEO of the Richmond Federal Reserve, says spending is coming back faster than employment. Additional conclusions “The recent escalation in cases makes me believe that we still have a long way to go.” “It seems very likely that there is a divided government.” “Maybe there is a smaller specific stimulus, but […]
The Fed can keep pushing to improve the labor market without having high inflation
John Williams of the New York Fed has said that a loss of fiscal support could slow the economy in the coming months. Key takeaways “I am optimistic about the news about vaccines and see the aid as a bridge.” “The Fed is fully aware that it only met its inflation target briefly and that […]
