US Dollar Index pares US GDP inspired gains ahead of Fed’s favorite inflation gauge – by anilpanchal7 DollarIndex RiskAppetite Fed Inflation GDP
US GDP came in firmer-than-expected but the details appeared fishy and probed DXY bulls afterward.
US Dollar Index retreats to 101.80, following a corrective bounce off a multi-day low, as the greenback traders await the key US data during early Friday. In doing so, the US Dollar’s gauge versus the six major currencies fail to defend the previous day’s gains inspired mainly by the US fourth quarter Gross Domestic Product .
Although the US GDP and Durable Goods Orders do portray a rosy picture of the world’s largest economy, the underlying details surrounding price pressure seem to challenge the hawkish Fed concerns and pushed back the DXY bulls afterward.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD eyes $1,950 as US Dollar Index cracks, US Q4 GDP eyedGold price (XAU/USD) is aiming to test the $1,950.00 resistance for the first time in the past nine months as the US Dollar Index has faced immense pr
Read more »
US Dollar Index licks its wounds near 102.00 as DXY traders brace for US GDP, FedUS Dollar Index (DXY) treads water around 101.90-95 as it struggles to pause late Tuesday’s pullback from 102.43 amid a sluggish Asian session on Wedn
Read more »
USD/JPY declines towards 129.00 as USD Index looks to crack further ahead of US GDPThe USD/JPY pair is hovering near the crucial support of 129.26 in the early Asian session. The asset is expected to surrender the aforementioned supp
Read more »
Index Coop Introduces Index for Diversified Liquid Ethereum StakingDecentralized autonomous organization indexcoop has introduced an index offering users diversified liquid staking assets on the Ethereum network. By JamieCrawleyCD
Read more »
Feds investigate former ‘Rey Feos’ in multimillion-dollar contract graft caseKenneth “Ken” Flores and his father, Antonio “Tony” Flores Jr., are accused in a scam involving contracts totaling more than $140 million.
Read more »
USD/CHF slides below 0.9200 on broad-based US Dollar weakness before US GDP releaseUSD/CHF stands on slippery grounds as it drops to 0.9170 during Thursday’s Asian session. In doing so, the Swiss Franc (CHF) pair renews intraday low
Read more »