US Dollar rally should continue this week on signs of persistent inflation – BBH
Source Fxstreet
Analysts at BBH note that the US Dollar is trading softer ahead of Wednesday's inflation data.
Dollar rally should continue this week
"DXY is trading lower for the second straight day near 104.032. The euro is trading higher near $1.0870 while sterling is trading higher near $1.2685. USD/JPY is trading lower near 151.80 after being unable to break above the 152 area on continued jawboning."
"The dollar rally should continue this week on signs of persistent inflation and robust growth in the US. The US data continue to come in mostly firmer and should keep upward pressure on US yields. We believe that while market easing expectations have adjusted somewhat already, there is still room to go. When the market finally capitulates on the Fed, the dollar should gain further."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Perpetual contracts and pre-market tokens for SpaceX are attracting liquidity from the cryptocurrency market, hindering a further rally in Bitcoin.On June 11, Bitcoin ( BTC) continued to
On June 10, Eastern Time, spot gold ( XAUUSD) fell through the $4,100 level during intraday trading after four consecutive sessions of selling, nearing the $4,000 psychological threshold;
The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday's
Iranian military drones targeted US Fifth Fleet in Bahrain in response to southern US strikesThe Iranian military announced in a statement that it had launched a drone operation against the US Navy’s Fifth Fleet based in Bahrain, in response to the violation of the ceasefire and US military attacks on areas in southern Iran, Reuters reported on Thursday.
The Iranian military announced in a statement that it had launched a drone operation against the US Navy’s Fifth Fleet based in Bahrain, in response to the violation of the ceasefire and US military attacks on areas in southern Iran, Reuters reported on Thursday.
Bitcoin's rebound falters as the U.S.-Iran conflict and CPI data likely sustain downward pressure.On June 10, escalating U.S.-Iran tensions put the already fragile crypto market to the te
Related Instrument
