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
Oil prices rise as US and Iran extend talks into next weekUS-Iran talks end with no deal but signs of progressOPEC+ to consider oil output increase for April, sources sayBrent and WTI benchmarks register slight daily gainsBy Anna Hirtenstein LONDON, Feb 27 (Reuters) - Oil prices rose on Friday but were on track to finish the week relatively flat after t...
US-Iran talks end with no deal but signs of progressOPEC+ to consider oil output increase for April, sources sayBrent and WTI benchmarks register slight daily gainsBy Anna Hirtenstein LONDON, Feb 27 (Reuters) - Oil prices rose on Friday but were on track to finish the week relatively flat after t...
Silver Price Forecast: XAG/USD jumps above $90 as AI valuation risks boost safe-haven demandSilver price (XAG/USD) is up 2.4% to near $90.60 during the European trading session on Friday. The white metal strengthens as escalating concerns over valuations of Artificial Intelligence (AI) stocks have prompted demand for safe-haven assets.
Silver price (XAG/USD) is up 2.4% to near $90.60 during the European trading session on Friday. The white metal strengthens as escalating concerns over valuations of Artificial Intelligence (AI) stocks have prompted demand for safe-haven assets.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility.
Gold rises to near $5,200 amid US tariff uncertainty, US PPI data in focusGold (XAU/USD) attracts some buyers to around $5,195 during the early Asian session on Friday. The precious metal edges higher as US tariff uncertainty spurs safe-haven demand. Traders await the release of the US January Producer Price Index (PPI) reports later on Friday for fresh impetus.
Gold (XAU/USD) attracts some buyers to around $5,195 during the early Asian session on Friday. The precious metal edges higher as US tariff uncertainty spurs safe-haven demand. Traders await the release of the US January Producer Price Index (PPI) reports later on Friday for fresh impetus.
Bitcoin price nears $70,000 as market bullish sentiment rebounds.On Thursday (February 26), Bitcoin (BTC) saw a rare strong rally recently, jumping nearly 4% on the day to a high above $6
Related Instrument
