The DXY index is moving higher and is moving above the 98.00 level. Geopolitical concerns give the US dollar additional wings. The markets’ focus is expected to be on the NFP report for February. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, extends the bullish momentum […]
Tag: IndexDollar
Europe’s largest nuclear reactor complex is attacked by Russia
Zaporizhzhia NPPa few kilometers from Enerhodar, has been attacked. The plant spokesman says that Russian troops have begun bombing Europe’s largest nuclear power plant in Ukraine. Russian forces were fighting for control of a crucial power-producing city in southern Ukraine and were closing in on the country’s largest nuclear power plant. Russian tanks and infantry […]
US dollar index DXY around 97.50 ahead of data and Powell
The DXY index turns around the 97.50 region on Thursday. Persistent risk aversion continues to bolster the dollar. Powell’s testimony and initial jobless claims stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, alternates gains with losses of around the region […]
United Nations General Assembly vote demonstrates scope of global outrage – Joe Biden
The president of the United States, Joe Biden, has said that United Nations General Assembly vote to condemn Russia for invading Ukraine “demonstrates the extent of global outrage over Russia’s horrific attack on a sovereign neighbor and shows unprecedented global unity”. Meanwhile, it is not going well for Vladimir Putin, both from the point of […]
The 98.00 level is just around the corner
DXY manages to hit new cycle highs beyond 97.80 midweek. The round level at 98.00 is next for the USD bulls. The US Dollar Index (DXY) advances for the third consecutive session and registers new yearly highs in the 97.80/85 zone on Wednesday. Bets for a continuation of the upside continue to rise in the […]
Instead of relying on foreign supply chains, let’s make it American – Joe Biden
The president of United States, Joe Biden will deliver his first State of the Union address ahead of a joint session of the 117th Congress in the House chamber on Capitol Hill on Wednesday, now touching on inflation. Key comments Instead of relying on foreign supply chains, let’s make it American. There are a “plan” […]
US Dollar Index DXY Seeks Direction Around 96.70, Risk Appetite Improves
The DXY index is under pressure below the 97.00 level. Appetite for riskier assets improves a bit on Tuesday. ISM Manufacturing PMI and Markit Final Manufacturing PMI stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, struggles to find an address […]
Forex Today – Asian Session: Putin Escalates War Despite Peace Talks
What you should know on Tuesday, March 1: Risk-related sentiment remained the main driver of the market. Safe-haven assets rose at the weekly open amid the escalation of the war between Russia and Ukraine. Sentiment temporarily improved early in the US session amid peace talks. However, such talks ended without decisions. A new round of […]
US dollar index turns negative below 97.00
DXY corrects lower and falls to 96.80. The mood of the markets improves before the possible talks between Russia and Ukraine. US PCE rose 6.1% yoy in January, core PCE gained 5.2%. The US Dollar Index (DXY)which tracks the greenback against a bunch of its major competitors, is under pressure and pulls back below 97.00 […]
Strong case for 0.50% rate hike in March if data is extremely hot
The governor of the Federal Reserve (Fed), Christopher Waller, said on Friday that still believes a 50 basis point rate hike in March is a possibility if economic data strengthens. Featured Comments There is a “strong case” of a 0.50% rise in March if incoming data indicates that the economy remains extremely hot. Needs “concerted […]