The US dollar index (DXY) has been volatile in recent months, but is now showing signs of momentum. This is due to a number of factors, including high
September favours a hold and odds have climbed to 98% from 94% last week. A 0.25 hike chance has fallen to 2% from 6%.
November favours a hold and odds have climbed to 72% from 67% last week. A 0.25 hike chance has fallen to 27% from 32%.The EUR/USD has been bullish over the past nine months, but is now in retreat. This is due to a number of factors, including high inflation, rising interest rates, and safe-haven demand.
The report is expected to show an increase -1.2% to 0.5% and signals that inflation may remain sticky. This could lead to a more hawkish BoE, increasing the yield on Gilt Bonds and increasing the demand for GBP.Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.
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