DXY: The size of the Fed first cut doesn’t matter much – DBS
Source Fxstreet
The Dollar Index (DXY) depreciated a third session by 0.4% to 100.76, approaching 100.55, the year’s weakest close on August 27, DBS FX strategist Philip Wee notes.
The Fed’s rate cut trajectory matters more
“The futures market has increased the probability of a 50 bps rate cut at the September 18 FOMC meeting to 170% from 118% last Wednesday. Over the same period, the US Treasury 2Y yield eased by 9.1 bps to 3.551%, while the 10Y yield fell 3.6 bps to 3.618%.”
“Conversely, economists polled by Bloomberg expect the Fed to mirror its peers and commence with a 25 bps reduction.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin is nearing a level on the MVRV ratio that historically lines up with market “undervaluation,” according to CryptoQuant contributor Crypto Dan, as traders look for signs that a four-month
President Trump expected to ease on metal tariffs as elections draw closePresident Donald Trump is getting ready to ease up on some of his steel and aluminum tariffs. The White House is worried about rising prices and bad poll numbers with midterm elections coming up in November, three people close to the discussions told Financial Times. The administration will look at what’s getting hit with tariffs […]
President Donald Trump is getting ready to ease up on some of his steel and aluminum tariffs. The White House is worried about rising prices and bad poll numbers with midterm elections coming up in November, three people close to the discussions told Financial Times. The administration will look at what’s getting hit with tariffs […]
Tracking Market TrendsTradingKey - On the eve of the U.S. CPI data release, AI panic escalated. Amid deep-seated concerns that artificial intelligence will disrupt business models across many industri
Silver price (XAG/USD) recovers some lost ground to near $76.60 during the Asian trading hours on Friday. The white metal suddenly fell late Thursday, pushing silver down more than 11%.
Is SaaS Dead? The Truth Behind the Software Meltdown, the Missing Floor, and the Peak That’s Not Coming BackOver the past few weeks, you’ve probably seen the same refrain everywhere: “SaaS has crashed this much, valuations must have bottomed, time to buy the dip.”On the surface, that sounds tempting. A lot
Over the past few weeks, you’ve probably seen the same refrain everywhere: “SaaS has crashed this much, valuations must have bottomed, time to buy the dip.”On the surface, that sounds tempting. A lot
Related Instrument
