US Dollar Index struggles to justify hawkish Fedspeak, FOMC Minutes ahead of US CPI – by anilpanchal7 DollarIndex Inflation Fed RiskAppetite YieldCurve
Fed Minutes portrays policymakers’ concern for inflation, fears of doing too little.US CPI for September is likely to ease but expected improvement in Core CPI may recall DXY bulls.
Federal Reserve Governor Michelle Bowman said on Wednesday that if high inflation does not start to wane she will continue to support aggressive rate rises aimed at taming price pressures, reported Reuters. That said, CME’s FedWatch Tool takes clues from the hawkish bias at the US central bank, as per the latest Fed Minutes, as it portrays a nearly 85% chance of the Fed’s 75 bps rate hike in November.
The DXY witnessed downside pressure on Wednesday while tracking softer yields even if the US Producer Price Index printed better than forecast figures. The PPI declined to 8.5% YoY in September versus 8.4% expected and 8.7% prior. Further, the Core PPI eased to 7.2% versus 7.3% previous readings and market forecasts. Also should have helped the US Dollar Index, but did not, were the fresh fears of coronavirus emanating from China and Europe.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
USD/CAD Price Analysis: Gathers strength for a breakout above 1.3850USD/CAD Price Analysis: Gathers strength for a breakout above 1.3850 – by Sagar_Dua24 USDCAD SupportResistance Momentum ChartPatterns Breakouts
続きを読む »
USD Index could rally towards 2001 high of 121 on a move past 114.80 – SocGenThe US Dollar Index is trading at its highest level in more than ten days above 113.20. Economists at Société Générale believe that DXY could reach th
続きを読む »
USD Index Price Analysis: Potential consolidation ahead of extra gainsThe strong rebound in DXY seems to have met quite a firm hurdle around the 113.50 region on Tuesday. Some range bound trading should not be ruled out
続きを読む »
Global Index Shows Governments Unleashed 'Inequality Explosion' During PandemicA new index shows that 95% of world governments have failed to raise taxes on the rich and corporations during the pandemic.
続きを読む »
Auburn drops one spot on ESPN College Football Power Index after loss at No. 1 GeorgiaAnother anemic offensive performance dropped Auburn (3-3, 1-2 SEC) from No. 48 to No. 50 in ESPN’s College Football Power Index following Saturday’s 42-10 loss against Georgia at Sanford Stadium.
続きを読む »