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
The launch of new tokens following headline-making events is not new in the crypto market.
Solana (SOL) price trades in green, above $242 at the time of writing on Monday, after breaking out of a parallel channel last week with bulls aiming for record highs.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) hover around key levels after recovering by nearly 4%, 7%, and 6%, respectively, last week.
Gold (XAU/USD) kicks off the new week on a softer note, though it manages to reverse an Asian session dip to the $3,627-3,626 area and currently trades near the top end of a one-week-old trading range.
Major currency pairs trade in familiar ranges to start the week as investors gear up for key macroeconomic data releases and central bank meetings.
Related Instrument
