Tag Archives: DXY Index

Dollar Remains Resilient Amidst Mixed Economic SignalsThe US Dollar continued to exhibit remarkable strength on Friday, even as mixed economic data emerged. While the Producer Price Index (PPI) for September came in slightly hotter than anticipated, suggesting persistent inflationary pressures, the preliminary reading of the University of Michigan Consumer Sentiment …

The US Dollar Index, which measures the value of the USD against a basket of currencies, witnessed a calm Monday session with mild losses, holding steady despite elevated levels near last week’s highs. Amidst ongoing Middle East tensions, market participants await key events this week, including the release of the …

Solana cryptocurrency has faced downward pressure due to a strengthening US dollar. The greenback has been buoyed by positive economic data released over the past week and anticipation of the highly anticipated monthly employment report, due out next Friday. The US dollar has been on an upward trajectory since the …

The US Dollar has been on a steady upward trajectory, gaining strength following the release of July’s Personal Consumption Expenditures (PCE) Index. This inflation metric, favored by the Federal Reserve, has shown a consistent decline, suggesting that inflationary pressures are easing. However, the path forward for interest rate cuts remains …

The USD Index extended its decline and traded just pips away from the so-far yearly lows near 101.30. The weekly MBA Mortgage Applications are due on August 21 ahead of the publication of the FOMC Minutes and the weekly report on US crude oil inventories by the EIA. Sellers continued …

The US dollar strengthened significantly on Monday, reaching its highest level in several days as investors adopted a cautious stance. Anticipation for upcoming central bank decisions and key economic data is driving market sentiment.Key Economic Indicators Today’s focus is on consumer confidence, alongside job openings data, house price index, and …

The US housing market is undergoing significant transformations, with implications for the broader economy. A decline in foreign buyer activity, coupled with persistent inventory shortages and price fluctuations, is shaping the market’s trajectory. This article delves into recent data to explore these trends and their potential impact on the US …

The US Dollar Index (DXY) fell towards 104.13, earlier during the North American session, immediately after the mixed PMI reading from Standard & Poor’s and the Federal Reserve’s dovish policy bets added to the US currency’s decline.It is expected that the reading of the personal consumption expenditures index, Durable Goods …

The US dollar is facing further scrutiny in the wake of the depressing ADP and ISM Services PMI readings. Markets become more certain that the Fed will lower rates in September. Investor focus is now shifting to the June Nonfarm Payrolls data, which is due on Friday. The DXY Index, …

The dollar weakened on Thursday, pressured by recent signs of a slowing U.S. economy. This offered limited support to the embattled yen, which remained near a 38-year low against the dollar, raising concerns of potential government intervention. Meanwhile, the euro and sterling held near three-week highs against the dollar as …