DXY looks set to trade in a 100.00-110.00 range – SocGen
Source Fxstreet
The US Dollar Index (DXY) has inched higher as market pricing of Fed easing in 2024 has been downgraded. Economists at Société Générale analyze Greenback’s outlook.
The Fed is unlikely to ease dramatically
The US economy appears to have escaped a recession, and while that won’t stand in the way of monetary policy easing in 2024, it means that the Fed is unlikely to ease dramatically, reducing downward pressure on the USD.
Irrespective of the actual policies that might be adopted by Trump or Biden presidencies (not to mention the possibility that one or the other may not be on the ballot come November), increased uncertainty and increased tail risks will probably be USD supportive.
DXY looks set to trade in a 100.00-110.00 range.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
US May CPI Preview: Rising Inflation May Push Up Fed Rate Hike Expectations, How Will US Stocks, Dollar, Gold React? The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on
The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on
On June 8, tensions in the Iran conflict cooled abruptly, and both major crude oil futures fell. WTI crude futures briefly retreated to around the $90 level. As of press time, it was up 0
West Texas Intermediate (WTI) oil price edges lower after registering over 1% losses in the previous day, trading around $89.40 per barrel during the Asian hours on Tuesday.
Gold Drops Below $4,300 Erasing Year-to-Date Gains. This Week’s CPI May Ignite Rate Hike Expectations Will Gold Still Rise in 2026?During Monday's Asian session, both spot and futures gold prices fell below the $4,300/oz support level. Spot gold touched an intraday low of $4,268.42, its lowest level since March 23, e
During Monday's Asian session, both spot and futures gold prices fell below the $4,300/oz support level. Spot gold touched an intraday low of $4,268.42, its lowest level since March 23, e
After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier
Related Instrument
