US Dollar Forecast: Focus Shifts from Risk Rally to the Fed, NFP on Nostr: US Dollar Index Faces Selling Pressure Despite Strong Durable Goods Orders ...
US Dollar Index Faces Selling Pressure Despite Strong Durable Goods Orders
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#b9c27144 ver:1.54
Despite strong durable goods orders and positive economic data, the US Dollar Index (DXY) is facing selling pressure. The dollar is experiencing its biggest weekly rise in over a month, driven by concerns about inflation and interest rates. Emerging market currencies are on track for weekly losses, while the euro and yen show mixed responses. Traders are recalibrating their strategies in anticipation of a volatile economic landscape. The short-term outlook for the DXY remains bearish, with resistance at the 20-day SMA. Market participants are closely monitoring the Fed's actions. #USD #economy #inflation #interestrates #forex...
#newstr #UsDollar #DurableGoodsOrders #FederalReserve #MonetaryPolicy #QuantitativeEasing #Economy #Finance
https://here.news/story/b9c27144?ver=1.54
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#b9c27144 ver:1.54
Despite strong durable goods orders and positive economic data, the US Dollar Index (DXY) is facing selling pressure. The dollar is experiencing its biggest weekly rise in over a month, driven by concerns about inflation and interest rates. Emerging market currencies are on track for weekly losses, while the euro and yen show mixed responses. Traders are recalibrating their strategies in anticipation of a volatile economic landscape. The short-term outlook for the DXY remains bearish, with resistance at the 20-day SMA. Market participants are closely monitoring the Fed's actions. #USD #economy #inflation #interestrates #forex...
#newstr #UsDollar #DurableGoodsOrders #FederalReserve #MonetaryPolicy #QuantitativeEasing #Economy #Finance
https://here.news/story/b9c27144?ver=1.54