USD Index to stay bid in the 104.00 to 104.60 range – ING
Source Fxstreet
US Dollar (USD) holds steady with the USD Index (DXY) moving sideways near 104.00. Economists at ING analyze Greenback’s outlook.
Dollar to trade on the firm side heading into Friday's US CPI benchmark revisions
We suspect the Dollar will continue to trade on the firm side heading into Friday's US CPI benchmark revisions – but the Dollar could sell off afterwards and risk assets could rally, should these revisions not upset the US disinflation story.
We doubt the US initial clams will be a big market mover today and can see DXY staying bid in the 104.00 to 104.60 range.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Fed Chair Warsh Makes Jackson Hole Debut: Can Bitcoin Capitalize on Momentum to Break Strong $83,000 Resistance?On August 28, Bitcoin (BTC) price continued to fluctuate in a narrow range
On August 28 Eastern Time, international silver prices continued their recent strong rally, with spot silver (XAGUSD) briefly breaking through the key $70 mark intraday, after approaching
Today’s Market Recap: Nvidia Surges Nearly 9%, Salesforce and CrowdStrike Ignite Software Stocks as Market Focuses on Jackson Hole Meeting On August 27, Eastern Time, the three major U.S. stock indices closed higher across the board, led by the Nasdaq. Nvidia's strong earnings report and optimistic reve
On August 27, Eastern Time, the three major U.S. stock indices closed higher across the board, led by the Nasdaq. Nvidia's strong earnings report and optimistic reve
Gold Price Forecast: Hotter-Than-Expected PCE Inflation Pressures Gold, Will Warsh's Jackson Hole Speech Spark a New Rally? As of the European session on August 27, today's gold price (XAUUSD) maintained a range-bound consolidation trend intraday, with the latest price trading near $4,600. On Wednesday, gold p
As of the European session on August 27, today's gold price (XAUUSD) maintained a range-bound consolidation trend intraday, with the latest price trading near $4,600. On Wednesday, gold p
TradingKey Daily Market Briefing: Nvidia Earnings Beat Expectations, Strong PCE Inflation Weighs on Market Sentiment as Focus Turns to Jackson Hole Meeting On August 26, Eastern Time, the three major U.S. stock indices closed slightly lower. U.S. July PCE inflation data came in slightly strong, reinforcing market concer
On August 26, Eastern Time, the three major U.S. stock indices closed slightly lower. U.S. July PCE inflation data came in slightly strong, reinforcing market concer
Related Instrument
