The US Dollar (USD) slides on Monday with the DXY index, which measures the value of the US Dollar versus a basket of global currencies, falling to 105.60 on the back of declining US bond yields and investors taking profits from last week’s gains.
The US Dollar (USD) slides on Monday with the DXY index, which measures the value of the US Dollar versus a basket of global currencies, falling to 105.60 on the back of declining US bond yields and investors taking profits from last week’s gains. Focus now shifts to Tuesday’s Consumer Price Index (CPI) data from October and Retail Sales figures from the same month on Wednesday.
Even though the United States labor market has started to show signs of weakness, several Federal Reserve (Fed) officials, including Chair Powell, hinted that the work on inflation isn’t done and opened the door for further monetary tightening. In that sense, as the central bank remains data-dependent, high-tier data will shape the decision of the Fed's last meeting in Decembe
US Dollar DXY Index Decline Bond Yields Investors Profits CPI Data Retail Sales Federal Reserve Monetary Tightening Decision
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