USD Index fades part of the recent weakness and retargets 107.00 – by pabspiovano DollarIndex Currencies Majors
US yields kicks in the week on the defensive across the curve.The dollar appears somewhat bid at the beginning of the week and briefly revisits the 107.00 neighbourhood when gauged by theFollowing two consecutive and strong daily pullbacks, the index now attempts a moderate rebound to the 107.00 region on the back of a tepid selling bias in the risk complex.
So far, and according to CME Group’s FedWatch Tool, the probability of a 50 bps interest rate hike at the December 14 meeting is at nearly 81%, from around 60% a week ago and nearly 37% a month ago.by Fed’s Vice Chair L.Brainard .The index attempts a mild bounce to the vicinity of the 107.00 region and partially leaves behind the post-CPI bearish move to the 106.30/25 band.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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.
Pairs in Focus This Week-GBP/USD,AUD/USD,USD/CAD,USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 6th, 2022 here.
Read more »
Weekly Forex Forecast \u2013 XAU/USD, USD/JPY, EUR/USDLast week saw the price of Gold rise very strongly, printing a large bullish candlestick which closed right on its high- forextrade forextrading
Read more »
Trading Support and Resistance \u2013USD/CAD, EUR/USD, GBP/USDThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
Binance Will Delist FTT Margin Pairs, USDⓈ-M Futures Contracts and Binance Flexible Products | Binance SupportIn an effort to protect users, Binance will remove and delist $FTT from the following products: 🔸 Simple Earn Flexible Products 🔸 USDⓈ-M Perpetual contracts 🔸 Cross Margin 🔸 Isolated Margin View settlement and delisting times here ⤵️
Read more »
USD is not yet completely defeated – Crédit AgricoleWe have seen a correction in high USD valuations. But in the view of economists at Crédit Agricole, the US Dollar is not completely defeated. Eurozone
Read more »
GBP/USD: Rally could extend to 1.1910 and 1.2000 – UOBExtra upside in GBP/USD could revisit the 1.1910 and even 1.2000 in the short-term horizon, suggested Economist Lee Sue Ann and Markets Strategist Que
Read more »