U.S. Dollar Index
Fundamental Analysis
By : Masih Rezvani _ Ph.D
The U.S. dollar dropped due to slowing inflation and growing fears of a possible recession.
The U.S. Dollar Index (DXY) lost 0.3% during a rather volatile trading session on Thursday.
Possible effects for traders:
U.S. macroeconomic statistics released yesterday indicated a slowdown of the U.S. economy, cementing expectations that the Federal Reserve (Fed) will pause its monetary policy tightening. At the same time, lower-than-expected Initial Jobless Claims data showed that the labour market remains surprisingly strong.
Still, the DXY continues to trade near seven-month lows as fear of a possible U.S. economic recession dominates the market. Today, several Fed officials will give speeches , which may offer more clues about the future path of U.S. interest rates. If Fed representatives sound dovish, the DXY may drop below 101.50
Fundamental Analysis
By : Masih Rezvani _ Ph.D
The U.S. dollar dropped due to slowing inflation and growing fears of a possible recession.
The U.S. Dollar Index (DXY) lost 0.3% during a rather volatile trading session on Thursday.
Possible effects for traders:
U.S. macroeconomic statistics released yesterday indicated a slowdown of the U.S. economy, cementing expectations that the Federal Reserve (Fed) will pause its monetary policy tightening. At the same time, lower-than-expected Initial Jobless Claims data showed that the labour market remains surprisingly strong.
Still, the DXY continues to trade near seven-month lows as fear of a possible U.S. economic recession dominates the market. Today, several Fed officials will give speeches , which may offer more clues about the future path of U.S. interest rates. If Fed representatives sound dovish, the DXY may drop below 101.50
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