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United States Dollar Index stays below 101 as traders trim hawkish Fed bets
The US Dollar (USD) underperforms its major currency peers as traders have trimmed Federal Reserve (Fed) interest rate hike expectations for the current year, following the release of the softer-than-expected United States (US) Consumer Price Index (CPI) data for June.Fxstreet
Wed, Jul 15
United States Dollar Index slips as soft US CPI dents Fed rate-hike bets
The US Dollar Index (DXY) comes under selling pressure on Tuesday after softer-than-expected United States (US) inflation data prompted traders to scale back expectations of an imminent Federal Reserve (Fed) interest rate hike.Fxstreet
Tue, Jul 14
Dow Jones Industrial Average sits out the disinflation party
The June Consumer Price Index (CPI) fell 0.4% on the month against consensus for a 0.1% decline, following May's 0.5% increase, and the annual rate dropped to 3.5% from 4.2%, well under the 3.8% forecast. Core prices were flat MoM and eased to 2.6% YoY versus 2.8% expected.
Fxstreet
Tue, Jul 14
US Dollar: Fed pricing stays hawkish – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the rebound in Oil is lifting US inflation expectations and supporting the Dollar. Haddad highlights sticky US inflation, a resilient labor market and US economic outperformance as factors keeping Fed pricing hawkish.Fxstreet
Tue, Jul 14
United States Dollar Index Price Forecast: Holds above 101.00 ahead of US CPI, Fed's Warsh
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, sticks to modest intraday losses through the early European session on Tuesday as bulls seem hesitant ahead of the latest US consumer inflation figures.Fxstreet
Tue, Jul 14
US Dollar: Data-dependent Fed stance and volatile pricing – BNY
BNY Markets’ John Velis and David Tam note that June Consumer Price Index (CPI) is expected to show softer headline inflation on lower energy, but recent events have lifted Oil prices again, complicating short-term forecasts.Fxstreet
Tue, Jul 14
United States Dollar Index declines despite rising safe-haven demand, Fed rate hike odds
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after two days of gains and is trading around 101.20 during the Asian session on Tuesday.Fxstreet
Tue, Jul 14
United States Dollar Index rises as Waller puts July Fed rate hike in play, CPI awaited
The US Dollar Index (DXY) regains momentum on Monday after hawkish remarks from Federal Reserve (Fed) Governor Christopher Waller boosted expectations of an interest rate hike as early as this month.
Fxstreet
Mon, Jul 13
Dow Jones Industrial Average wobbles while Washington opens a toll booth in the Strait of Hormuz
Risk aversion set Monday's tone, and the Dow Jones Industrial Average wore it better than most of its peers; the index trades near 52,525, down 117 points, or 0.2%, while the Nasdaq Composite sheds 1% and the S&P 500 gives back 0.4%.Fxstreet
Mon, Jul 13
US Dollar Index: Range holds as markets await Warsh and CPI – DBS
DBS Group Research economist Philip Wee notes that the US Dollar Index (DXY) Index has been confined between 100.5 and 102 for three weeks as traders await clarity on whether the Federal Reserve (Fed) will proceed with a potential rate hike later this year.Fxstreet
Mon, Jul 13
United States Dollar Index Price Forecast: Bears await break below 23.6% Fibo. near 100.80
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some sellers following an intraday uptick to the 101.22 area on Monday and fills a modest weekly bullish gap.Fxstreet
Mon, Jul 13
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