The US Dollar (USD) attracts some dip-buying following the previous day's good two-way price swings and holds steady above mid-104.00s through the Asi
an session on Wednesday. The USD Index , which tracks the Greenback against a basket of currencies, however, remains confined in the weekly trading band as traders keenly await the US consumer inflation figures before placing fresh directional bets.
The crucial US CPI report is due for release later during the early North American session and will provide fresh cues about the Federal Reserve's future rate hike path after the widely anticipated pause in September. The markets have been pricing in the possibility of one more 25 bps lift-off by the end of this year.
Market participants remain concerned about the worsening conditions in China - the world's second-largest economy. Adding to this, a Reuters poll showed that business confidence in Japan's largest firms declined in early September amid a slowdown in China – one of Japan’s biggest export markets. This, along with worries about headwinds stemming from rapidly rising borrowing costs, tempers investors' appetite for riskier assets and continues to drive some haven flows towards the buck.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD Index: Break of 105.40/105.80 is essential for affirming a larger uptrendThe US Dollar Index (DXY) is approaching the hurdle from January/March highs of 105.40/105.80. Economists at Société Générale analyze DXY’s technical
Weiterlesen »
The Fed doesn’t obey CPI, but still, CPI sets the toneOutlook: The big news this week will be US CPI on Wednesday and the ECB policy meeting the next day. In the US, we also get PPI, retail sales and the
Weiterlesen »
USD Index regains composure and retargets 105.00, focus on US CPIThe greenback, when measured by the USD Index (DXY), manages to pick up some traction and regains the 104.70/80 band on turnaround Tuesday. USD Index
Weiterlesen »
Brazil Consumer Price Index (CPI) YoYGet the CPI (YoY) results in real time as they're announced and see the immediate global market impact.
Weiterlesen »
India Consumer Price Index (CPI) YoYGet the CPI (YoY) results in real time as they're announced and see the immediate global market impact.
Weiterlesen »
USD Index takes a break, trades lower around 104.70US Dollar Index (DXY), which compares the performance of the US Dollar (USD) against six other major currencies, trades lower around 104.80 slightly b
Weiterlesen »