USD Index regains upside traction and targets 105.00 ahead of data – by pabspiovano DollarIndex Currencies Majors
US yields maintain the February rally well in place., leaves behind part of Monday’s retracement and revisits the 104.80 region on Tuesday.The index regains the smile and refocuses on the 105.00 neighbourhood amidst some decent recovery and ahead of the opening bell in the old continent on turnaround Tuesday.
In the US data space, advanced Goods Trade Balance is due seconded by the FHFA’s House Price Index, the Chicago PMI, Consumer Confidence tracked by the Conference Board and the Richmond Fed Manufacturing Index.The index appears bid near the 105.00 barrier amidst the resumption of the buying interest in the dollar in the first half of the week.
The loss of traction in wage inflation – as per the latest US jobs report - however, seems to lend some support to the view that the Fed’s tightening cycle have started to impact on the still robust US labour markets somewhat.: Advanced Goods Trade Balance, FHFA House Price Index, CB Consumer Confidence – MBA Mortgage Approvals, Final
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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.
USD Index climbs to fresh tops north of 105.00 ahead of key dataThe USD Index (DXY), which gauges the greenback vs. a bundle of its main competitors, advances marginally and maintains the multi-session rally well i
Read more »
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, USD/JPY, AUD/USGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 26th, 2022 here.
Read more »
NZD/USD crushed on a firmer US Dollar and hawkish US dataNZD/USD was pressured at the end of last week due to a late surge in the USD as demand for the currency took off, sending the DXY index through 105 in
Read more »
Weekly Forex Forecast \u2013 USD/JPY, S\u0026P 500 Index, NASDAQ 100The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade.
Read more »
USD Index to head higher towards the 106.20/50 resistance zone – INGThe Dollar remains broadly bid. It is hard to argue with Dollar strength near term, in the opinion of economists at ING. Dollar to hold gains “The Fed
Read more »
USD Index Price Analysis: immediately to the upside comes the YTD highDXY comes under pressure following fresh tops near 105.40 on Monday. The ongoing price action favours the continuation of the uptrend in spite of the
Read more »