The US Dollar Index (DXY) trades on a positive note for the fifth straight day near multi-week highs during the early European session on Wednesday.
The US Dollar Index gathers strength around 103.88 in Wednesday’s early European session. The US Fed is likely to leave the interest rate unchanged for a fifth straight time at its March meeting on Wednesday. The sticky inflation and strong labor market data in the US indicated the US might delay the rate cut cycle. Traders await the Fed interest rate decision and the press conference on Wednesday.
The US economic data in recent weeks suggested that inflation in the US is easing from its peak levels, but still above the 2% target. Additionally, the strong labor market data indicated the US would not need to cut rates to prevent a recession. Fed Chairman Jerome Powell stated that lowering the interest rate too early might trigger an upsurge in inflation and cause more pain for consumers.
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.
Australian Dollar advances amid stable US Dollar, with attention on Fed policy decisionThe Australian Dollar (AUD) has rebounded from intraday losses and is striving to shift into positive territory on Wednesday.
Read more »
Dollar Tree to Close 370 Family Dollar Locations and 30 Dollar Tree StoresDollar Tree, the discount variety store chain, plans to close 370 Family Dollar locations and 30 Dollar Tree stores due to difficulties in maintaining the value of both brands. The company aims to improve profitability and unlock value at Family Dollar.
Read more »
Forex Today: The Fed, the whole Fed and nothing but the FedThe Greenback managed to maintain its multi-session constructive bias well and sound and propel the USD Index (DXY) back above 104.00, albeit ephemerally.
Read more »
Zion Williamson has high-flying slam, leads Pelicans past Nets 104-91BROOKLYN, N.Y. (AP) — Zion Williamson scored 28 points and wowed the Barclays Center crowd with a high-flying alley-oop dunk, and New Orleans beat Brooklyn.
Read more »
Espectacular Williamson lidera victoria de Pelicans 104-91 ante NetsZion Williamson firmó 28 puntos e impactó a la afición en el Barclays Center con un gran salto para una clava con alley-oop y los Pelicans de Nueva Orleans superaron el martes por 104-91 a los Nets de Brooklyn.
Read more »
Edwards anota 32 puntos para liderar triunfo de Timberwolves por 114-104 sobre UtahAnthony Edwards encabezó con 32 puntos, ocho asistencias y siete rebotes la victoria de los Timberwolves de Minnesota sobre el Jazz de Utah por 114-104 el lunes por la noche.
Read more »