Fed cut expectations sent the DXY Index to 100.72 last Friday, near December’s 100.62 low, but was still above the 99.58 low in July 2023, DBS Senior FX Strategist Philip Wee notes.
Fed cut expectations sent the DXY Indexto 100.72 last Friday,near December’s 100.62 low, but was still above the 99.58 low in July 2023, DBS Senior FX Strategist Philip Wee notes. Still above the 99.58 low in July 2023 “Fed Chair JeromePowell announced at Jackson Hole that the time has come to adjust monetary policy.
” “In the short term, the oversold DXY could consolidate on surprises in this week’s US data, especially the PCE deflator on August 30, pushing back the futures market’s bet for a 50 bps cut. However,we will assess the DXY’s prospects to trade below 100 over the medium term. The US monthly jobs report on September 6 will be critical.” “Apart from the telegraphed rate cut in September, the Fed’s revisions to the Summary of Economic Projections will be significant.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Denver lawn bowling club celebrates 100 years, hopes for 100 moreColin is a photojournalist who joined Denver7 in February 2021.
Read more »
In His First 100 Miler Ever, David Roche Demolishes the Legendary Leadville 100 Course RecordOn Saturday, David Roche broke Matt Carpenter’s storied Leadville 100 course record from 2005, winning in 15:26:34—over a 16-minute improvement of the record.
Read more »
The 100 Most Iconic Guitars of All Time (Nos. 100-51)The band was the New York Dolls. The attitude was punk rock. And the color was TV Yellow — which guitar manufacturer Gibson at one point marketed for budding rock stars to stand out on black-and-white broadcasts.
Read more »
Russian attack of Ukraine involved 100 missiles, 100 drones, said ZelenskyyIn what appeared to be Russia's biggest attack against Ukraine in weeks, Ukraine President Zelenskyy said dozens have been killed or wounded.
Read more »
Ukraine’s president says Russian overnight attack involved over 100 missiles and about 100 dronesUkraine’s leader said there were deaths and dozens of injuries and that the attack caused a lot of damage to the country's energy sector.
Read more »
![Elliott Wave analysis: Bullish outlook on SP500 and NASDAQ post-AMZN earnings and FOMC [Video]](https://i.headtopics.com/images/2024/8/1/fxstreetnews/elliott-wave-analysis-bullish-outlook-on-sp500-and-elliott-wave-analysis-bullish-outlook-on-sp500-and-DDC8B0FE864AFFF6756AEE0104C1B0F0.webp?w=640)
Elliott Wave analysis: Bullish outlook on SP500 and NASDAQ post-AMZN earnings and FOMC [Video]S&P 500, SPY, NASDAQ 100, QQQ, DAX 40, FTSE 100, ASX200 Elliott Wave Analysis.
Read more »