Marketscreener.com on Nostr: Dollar slips as market awaits new data for direction ========== The dollar slid ...
Dollar slips as market awaits new data for direction
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The dollar slid further on Wednesday as it consolidated a bounce in recent days from surprisingly strong U.S. economic data and pushback from Federal Reserve officials on market expectations of imminent interest rate cuts. The dollar eased from a nearly three-month high against the euro on Tuesday even as market bets on a rate cut by the Fed in March have risen four percentage points the past two days. The dollar index slipped 0.11% to 104.01, just below its 100-day moving average of 104.20. The next major scheduled data release is the Consumer Price Index for January on Feb. 13.
#Dollar #Market #Data #Direction
https://www.marketscreener.com/news/latest/Dollar-slips-as-market-awaits-new-data-for-direction-45906267/
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The dollar slid further on Wednesday as it consolidated a bounce in recent days from surprisingly strong U.S. economic data and pushback from Federal Reserve officials on market expectations of imminent interest rate cuts. The dollar eased from a nearly three-month high against the euro on Tuesday even as market bets on a rate cut by the Fed in March have risen four percentage points the past two days. The dollar index slipped 0.11% to 104.01, just below its 100-day moving average of 104.20. The next major scheduled data release is the Consumer Price Index for January on Feb. 13.
#Dollar #Market #Data #Direction
https://www.marketscreener.com/news/latest/Dollar-slips-as-market-awaits-new-data-for-direction-45906267/