The US Dollar (USD), measured by the DXY US Dollar Index, trades with nearly 0.50% gains driven by rising hawkish bets on the Federal Reserve (Fed) af
The US Dollar is getting traction, with the DXY rising to weekly highs. US headline CPI from September came in at 3.7% YoY, beating expectations. The core measure decelerated to 4.1% as expected. The hot CPI boosted US yields, which are showing sharp increases. ter the release of September’s Consumer Price Index data from the US.
The Relative Strength Index displays a positive slope above its middle-point, while the Moving Average Convergence Divergence stands in negative territory. Supports: 106.00 , 105.80, 105.50. Resistances: 106.50, 107.00, 107.30. Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve . The Fed has two mandates: to achieve price stability and foster full employment.
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.
USD/CHF extends losses to near 0.9000 amid soft US Dollar, US CPI data eyedThe USD/CHF pair continues its six-day losing spell and drops to near the psychological support of 0.9000. A steep sell-off in the Swiss Franc asset c
Read more »
British Pound Ahead of US CPI: GBP/USD, EUR/GBP, GBP/AUD Price SetupsAfter weeks of losses, GBP is attempting to rebound as Fed rate hike expectations scale back ahead of the key US inflation and UK GDP data. What is the trend in GBP/USD, EUR/GBP and GBP/AUD?
Read more »
EUR/USD dips below 1.0600 as FOMC’s minutes keep traders uncertain, ahead of US CPIThe Euro (EUR) registers modest losses against the US Dollar (USD) courtesy of a slew of European Central Bank (ECB) officials adopting a neutral appr
Read more »
EUR/USD Forecast: Euro looks at 1.0630 ahead of US CPIThe EUR/USD tested levels above 1.0630 but pulled back. The pair posted modest gains as it continues to rebound from monthly lows. The pair awaits mor
Read more »
AUD/USD floating higher ahead of Aussie inflation expectations, US CPI in the barrel for ThursdayThe AUD/USD is trading into 0.6420 as markets head into Thursday, and an early Australian Consumer Inflation Expectations reading, which last printed
Read more »
NZD/USD extends losses near 0.6020 after US wholesale inflation, focus shift to CPINZD/USD extends losses after snapping the five-day winning streak, pulling back from the two-month high. The spot trades lower around 0.6020 during th
Read more »