{"id":92358,"date":"2023-11-10T22:14:28","date_gmt":"2023-11-10T18:14:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=92358"},"modified":"2023-11-10T22:16:33","modified_gmt":"2023-11-10T18:16:33","slug":"us-dollar-consolidates-expected-to-close-with-weekly-gain","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-dollar-consolidates-expected-to-close-with-weekly-gain\/11\/10\/market-updates\/","title":{"rendered":"US Dollar consolidates, expected to close with weekly gain"},"content":{"rendered":"\n<p>The DXY index trades neutral at 105.90, closing a 0.80% weekly gain. Fed hawks revived USD strength during the week.<br><br>UoM consumer sentiment data come in lower than expected. The focus shifts to next week\u2019s inflation figure from the US from October.<br><br>The US Dollar showed minimal movement on Friday. The DXY index stood flat at 105.90 as bulls seem to be taking a hiatus. The Greenback strengthened after Fed\u2019s hawks hinted that there may be further tightening, which revived the US Treasury, allowing the Dollar to gain interest.<br><br>Despite the United States\u2019 labor market showing signs of cooling down last week, several officials, including Chair Powell, seemed unsatisfied with the progress made on inflation. <br><br>They spoke with cautious tones, welcoming the recent data but leaving the door open for further tightening in case it is needed. The focus seems to have turned to next week\u2019s October inflation figures from the US.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DXY index trades neutral at 105.90, closing a 0.80% weekly gain. Fed hawks revived USD strength during the week.UoM consumer sentiment data come in lower than expected. The focus shifts to next week\u2019s inflation figure from the US from October.The US Dollar showed minimal movement on Friday. The DXY index stood flat at 105.90 &hellip;<\/p>\n","protected":false},"author":13,"featured_media":86888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[10694,9358,8367],"class_list":["post-92358","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-sentiment-data","tag-hawkish-stance","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=92358"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92358\/revisions"}],"predecessor-version":[{"id":92400,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92358\/revisions\/92400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/86888"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=92358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=92358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=92358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}