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U.S. Dollar Index (USDX) The U.S. dollar index steadied on Wednesday as traders are waiting for a key U.S. report on inflation to provide hints to the Federal Reserve’s plans for future monetary tightening. The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in JulyContinue Reading
U.S. Dollar Index (USDX) The U.S. dollar edged lower in early trades today, embracing a horizontal pattern ahead of the release of the key U.S. consumer inflation data. The Dollar Index traded 0.1% lower at 106.10, dropping further back from Friday’s peak of 106.93, the strongest level since July 28. Traders will be eying theContinue Reading
The U.S. employment data was released on Friday with higher-than-expected figures, the non-farm numbers were expected to fall from 400,000 to 250,000 jobs, but the actual numbers were way over the expectations at 528,000 new jobs. Meanwhile, the unemployment rate declined from 3.6% to 3.5%. The U.S. dollar index held ground during the morning tradesContinue Reading
U.S. Dollar Index (USDX) The dollar index stood at 106.77, while traders currently see a high probability the Fed will continue the pace of 75 basis-point interest-rate increases for its next policy decision on September 21. The focus this week will be on the U.S. consumer price index on Wednesday to see if it willContinue Reading
U.S. Dollar Index (USDX) The dollar inched higher on Friday but struggled to recoup its losses after falling by its sharpest pace in two weeks, as investors remained on tenterhooks ahead of U.S. jobs data and amid growing worries about a recession. The U.S. dollar index was up 0.15% to 105.86, after sliding 0.68% overnightContinue Reading
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