USD Index looks offered near 103.30 ahead of US CPI – by pabspiovano DollarIndex Currencies Majors
US CPI is expected to extend the downward bias in May., which tracks the greenback vs. a basket of its main rival currencies, resumes the downtrend and trades at shouting distance from monthly lows near 103.30 on turnaround Tuesday.The index slips back to the lower end of the recent range and leaves behind two consecutive daily advances on Tuesday on the back of the firmer tone in the risk complex and ahead of the publication of crucial US inflation figures for the month of May.
So far, FedWatch Tool sees the probability of an impasse at the FOMC event on Wednesday at nearly 76%, while a 25 bps rate hike remains the preferred scenario at the July 26 gathering.What to look for around USDIn the meantime, bets of another 25 bps at the Fed’s next gathering in June reversed course in spite of the steady resilience of key USinstead appears to be the extra tightening of credit conditions in response to uncertainty surrounding the US banking sector.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
NZD/USD Price Analysis: Aims to recapture 0.6150 amid lackluster USD Index ahead of US CPIThe NZD/USD pair is looking to recapture the previous day’s high of 0.6150 in the early European session. The Kiwi asset is getting strength as the US
Weiterlesen »
US Dollar Index: DXY grinds near mid-103.00s as markets await US inflation, FedUS Dollar Index: DXY grinds near mid-103.00s as markets await US inflation, Fed – by anilpanchal7 DollarIndex Fed Inflation RiskAppetite SwingTrading
Weiterlesen »
USD Index should trade in a narrow 103.30-104.00 range into tomorrow's CPI number – INGEconomists at ING analyze US Dollar outlook ahead of the all-important US Consumer Price Index (CPI) data due out on Tuesday, Holding pattern ahead of
Weiterlesen »
GBP/USD corrects from 1.2600 as USD Index recovers strongly ahead of Fed’s policyThe GBP/USD pair has shown a corrective move to near 1.2560 in the European session. The Cable faced some barriers around 1.2600 as the US Dollar Inde
Weiterlesen »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, USD/JPY, GBP/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which
Weiterlesen »
USD/JPY consolidates above 139.00 as investors turn anxious ahead of US CPIThe USD/JPY pair is oscillating in a narrow range around 139.50 in the late Asian session. The asset is expected to remain on tenterhooks as investors
Weiterlesen »