The US Dollar Index (DXY) trades close to the crucial support of 105.00 in Friday’s European session.
The USD Index struggles to sustain above 105.00 amid signs that the US labor market cools down. Firm speculation for Fed rate cuts in September keeps the US Dollar on its toes. Investors shift focus to the US inflation data for fresh guidance. The US Dollar Index trades close to the crucial support of 105.00 in Friday’s European session.
Focus shifts to US Inflation This week, investors relied on commentary from Fed policymakers to project US Dollar’s moves due to absence of top-tier economic data. Next week, US economic calendar will be data-packed as the Producer Price Index and Consumer Price Index , and the Retail Sales data are lined-up for release. The major event will be the consumer price inflation data, which will influence market expectations for Fed rate cuts.
Fed Employment Inflation Supportresistance
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar scores mild gains in quiet TuesdayThe US Dollar Index (DXY) is trading at 105, registering mild gains.
Read more »
US Dollar Forecast: Dollar now looks at Payrolls and FedA modest weekly retracement saw the Greenback reverse two consecutive advances, motivating the USD Index (DXY) to retreat further from yearly peaks at around 106.50 recorded earlier in the month.
Read more »
Ohio postal worker in USPS van caught passing Ford Mustang at 105 mph during race'Yeah, I mean that Mustang took off. He caught my attention, and then you blew by him, and I was pacing you at like 105.'
Read more »
Homeless Initiative awarded $51.5 million to assist 105 Freeway and river encampmentsCalifornia awards L.A. County homelessness initiative $51.5 million to help house people living in encampments along the 105 Freeway corridor.
Read more »
Saudi Arabia Discovers It's Hard to Build a 105-Mile SkyscraperScience and Technology News and Videos
Read more »
105 Short Funny Jokes for Adults and KidsSarah is a lifestyle and entertainment reporter for TODAY who covers holidays, celebrities and everything in between.
Read more »