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Dow Jones futures remain subdued ahead of US Retail Sales, Jobless Claims data
Dow Jones futures edge lower by 0.02% to trade around 52,890 during European trading hours on Thursday. Meanwhile, S&P 500 futures and Nasdaq 100 futures decline 0.06% and 0.24%, trading near 7,610 and 29,620, respectively.
US Dollar Index Price Forecast: Waning hawkish Fed bets back more downside
The US Dollar (USD) remains under pressure as traders have repriced the Federal Reserve’s (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, holds onto Wednesday’s losses near 100.48.
Fxstreet
Thu, Jul 16
United States Dollar Index struggles near 100.50, multi-week low amid fading Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, is seen consolidating around the 100.50 region during the Asian session on Thursday, close to the nearly four-week low touched the previous day.Fxstreet
Thu, Jul 16
US Dollar: Limited downside after CPI – BBH
Brown Brothers Harriman’s Elias Haddad notes the Dollar has steadied after its post-CPI slide, with US economic outperformance, a higher-for-longer Federal Reserve stance and strong foreign demand for US securities limiting further downside.Fxstreet
Wed, Jul 15
US Dollar: Fed expectations weigh on Dollar – Commerzbank
Commerzbank’s Volkmar Baur notes that softer US inflation has reduced expectations for Federal Reserve rate hikes and pressured the US Dollar. June headline and core inflation fell more than consensus, leading markets to price out roughly half a hike by year-end.Fxstreet
Wed, Jul 15
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
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