US Dollar likely to continue to trade on a stronger footing this week – MUFG
Source Fxstreet
The US Dollar Index (DXY) has moved back above the 105.00 level for the first time since the middle of November. Economists at MUFG Bank analyze USD outlook.
The Fed could lag behind European central banks when starting to cut rates
Market attention in the week ahead will focus on the health of the US labour market with the release later today of the latest JOLTS job openings report for February and the NFP report for March on Friday.
Unless there is a significant slowdown in US employment growth, the US Dollar is likely to continue to trade on a stronger footing this week to reflect the building risk that the Fed could lag behind European central banks when starting to cut rates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
Bitcoin drops below $65K amid reinforced bear market signalsBitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Here is what you need to know on Wednesday, June 3:
On June 2, Eastern Time, the cryptocurrency market suffered its most severe wave of concentrated liquidations so far this year. Bitcoin ( BTC) fell below the $70,000 psychological support
West Texas Intermediate (WTI) gains ground for the third successive day, trading around $92.90 per barrel during the Asian hours on Wednesday.
Related Instrument
