US Dollar declines ahead of September inflation figures, Fed speakers

US Dollar continues consolidating early October gains. Inflation in the United States is expected to have decelerated in September. Christopher Waller and Neel Kashkari will be on the wires. iddle East geopolitical conflict between Israel and the Hamas terrorist group. Investor’s focus is set on Wednesday’s Federal Open Market Committee from the September meeting and the Consumer Price Index from the same month.

The Relative Strength Index displays a negative slope near the 50 middle-point while the Moving Average Convergence Divergence stands in negative territory, indicating that the bears hold the upper hand in the short term. That being said, the index is comfortably above the 100 and 200-day Simple Moving Averages , indicating that the bulls command the broader scale. If they fail to defend the 20-day average at 105.90, more downside may be on the horizon, with support lining up at 105.50, 105.

Source: News Formal (newsformal.com)

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.

Dollar slips as dovish Fed speak dials down rate expectationsDollar slips as dovish Fed speak dials down rate expectations
Source: Investingcom - 🏆 450. / 53 Read more »

Dollar edges higher; Fed officials question need for more hikesDollar edges higher; Fed officials question need for more hikes
Source: Investingcom - 🏆 450. / 53 Read more »

NY Fed's Perli: No sign yet Fed needs to change balance sheet plansThe Federal Reserve (Fed) remains in strong control of short-term rates and there are no signs that the Fed needs to change its balance sheet plans, R
Source: FXStreetNews - 🏆 14. / 72 Read more »

NY Fed: Year-ahead expected inflation edges higher to 3.7% from 3.6% in AugustThe Federal Reserve Bank of New York's latest Survey of Consumer Expectations showed on Tuesday that the US consumers' one-year inflation expectation
Source: FXStreetNews - 🏆 14. / 72 Read more »

Mexican Peso sprints ahead on US Fed officials' dovish commentsMexican Peso (MXN) rallies for the third consecutive trading day against the US Dollar (USD) as risk appetite is back on the financial markets, while
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/ZAR Price Forecast: US Data will Test Short Term DirectionThe dollar/rand is correcting its uptrend ahead of FOMC minutes and US CPI inflation data.
Source: DailyFX - 🏆 305. / 63 Read more »