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US Dollar: CPI-driven range signals carry focus â OCBC
OCBCâs Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) stayed mixed as markets waited for the key United States (US) Consumer Price Index (CPI) release, with Middle East tensions and hawkish Federal Reserve (Fed) rhetoric offsetting each other.
United States Dollar Index Price Forecast: Bulls await US CPI and breakout above 100.00
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retains a positive bias for the third straight day on Wednesday, though it lacks bullish conviction.
Dow Jones futures remain steady as traders await US CPI data
Dow Jones futures are steady around 53,890 during European hours on Wednesday. Meanwhile, S&P 500 futures gain by 0.18% to trade around 7,760 and Nasdaq 100 futures rise 0.48%, trading near 29,770.
US Dollar: CPI and Fed rhetoric in focus â Commerzbank
Commerzbank analysts highlight cautious positioning in the Dollar ahead of July US CPI, with the Dollar Index steady near 99.83 and EUR/USD around 1.1540.
United States Dollar Index rises to near 100.00 ahead of US inflation data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive day and trading around 99.90 during the Asian hours on Wednesday.
US yields ease as CPI caution offsets Oil rally
US Treasury yields eased on Tuesday as most investors remain cautious, awaiting the release of US inflation figures and the resolution of the US-Iran conflict, which has encountered hurdles.
Forex Today: US Dollar on pause ahead of US CPI
The US Dollar Index (DXY) is trading little changed in the vicinity below the 100.00 price zone ahead of the United States (US) July Consumer Price Index (CPI), which is expected on Wednesday.
The US Dollar Index has no dovish tail to price
Tuesday gives the Dollar Index a session with almost nothing in it.
Fedâs Goolsbee: Inflation is the âbiggest problemâ of the economy
The Chicago Fed President Austan Goolsbee revealed in a video posted by Wired, that âThe biggest problem facing our economy right now is not the collapse of industry and the collapse of jobs; it's that the prices have been rising too fast, we got an inflation problem and people hate inflation.â
Iran took back the Dow Jones Industrial Average breakout
The Dow Jones Industrial Average broke the three-session coil that had pinned it beneath its record, traded up through 54,200, and has since surrendered the entire move.
EUR/USD Price Forecast: Range-bound trade persists below 100-day SMA
EUR/USD fluctuates on Tuesday, holding within the range seen over the past week. At the time of writing, the pair trades around 1.1546, virtually unchanged on the day.
US ADP Employment Change 4-week average drops to 8.25K
Private-sector hiring in the US has further cooled in late July. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 8.25K jobs per week in the four weeks ending July 25.
US Dollar: CPI keeps USD in tight ranges â OCBC
OCBCâs Sim Moh Siong and Christopher Wong note the US Dollar (USD) softened as Fed hike expectations moderated and the US yield curve steepened.