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United States Dollar Index hovers around 101.00 ahead of US PMI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, holds gains near a 13-month high of 101.13, reached on June 19, during the early European hours on Tuesday. Traders await S&P Global US Purchasing Managers Index (PMI) data due later in the day.Fxstreet
Tue, Jun 23
101: United States Dollar Index remains close to 13-month highs
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, remains steady after registering modest gains in the previous day and is hovering around 101.00 during the Asian hours on Tuesday.Fxstreet
Tue, Jun 23
US Dollar: Stronger footing with higher yields – MUFG
MUFG’s Lee Hardman notes the US Dollar remains firm after last week’s breakout, driven by a hawkish repricing of Fed rate hike expectations and a rebound in US yields. Markets now see roughly even odds of a near-term Fed hike, even as Oil prices fall on progress in US-Iran talks.Fxstreet
Mon, Jun 22
Dow Jones futures move little due to US-Iran uncertainty, Fed hawkish outlook
Dow Jones futures inch lower by nearly 0.05%, trading near 51,980 during the European hours on Monday. However, S&P 500 futures are down by 0.09% near 7,560, while Nasdaq 100 futures advance 0.14%, trading near 30,760 at the time of writing.Forecasting the upcoming week: US Dollar loses momentum ahead of key US inflation data
The week ahead will bring a fresh test for major currency pairs as investors digest the first Federal Reserve (Fed) policy decision under Chair Kevin Warsh and look ahead to the United States (US) Personal Consumption Expenditures (PCE) data, global PMI releases, and central-bank commentary.
Fxstreet
Fri, Jun 19
United States Dollar: Fed stance and data keep support – Nordea
Nordea analysts expect the Dollar to stay supported in coming months as the Federal Reserve maintains a relatively hawkish stance and US data remain firm. They argue that US growth and inflation dynamics justify higher yields versus peers, limiting Dollar downside.Fxstreet
Fri, Jun 19
United States Dollar Index (DXY) eases from 101.13 highs but remains near yearly highs
The US Dollar Index (DXY), which measures the value of the Greenback against a basket of peers, has lost steam during Friday’s European session, with markets at half throttle amid the Juneteenth bank holiday in the US and investors pondering the soundness of the US-Iran peace deal.Fxstreet
Fri, Jun 19
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