Tag Archives: DXY
U.S. Dollar Strengthens Amid Better-Than-Expected Economic Data
Unemployment claims fell to a one-month low, signalling a gradual and orderly slowdown in the labour market. Companies are scaling back hiring, struggling to keep up with the influx of labour driven by increased immigration. Conversely, retail sales surged by 1.0% last month, marking the largest gain since January 2023, following a downwardly revised 0.2% […]
Dollar dips, yields fall on softer US PPI data
On Tuesday, a softer-than-expected rise in US producer prices in July, up 0.1% against estimates of 0.2% eased dollar. The Dollar Index dipped 0.51%, closed at 102.6 against other major currencies. The higher goods costs offset by more affordable services, signaling a continued moderation in inflation. This led to a rally in Treasuries, driving tiled […]
Focus on USDX today – 9th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for AUG 9 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Dollar Holds Ground as PCE Data Spurs Rate Cut Bets
On Friday, the dollar index hovered around 104.3 following the release of US PCE inflation data. The figures, which aligned with expectations, indicated softening price pressures and strengthened the case for the Federal Reserve to lower borrowing costs this year. Core PCE prices showed the smallest monthly increase in six months, rising just 0.2%. The […]
Focus on USDX today – 26th March 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for 26th March 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Producer Inflation Accelerated Again, highlighted ‘Last Mile’ Challenge for Federal Reserve
In February 2024, the United States observed a month-over-month escalation in the Final Demand Producer Price Index (PPI) by 0.6%, indicating the largest growth since the previous August, exceeding the 0.3% advance anticipated by the market. A significant rise of 1.2% was seen in the prices of goods, driven largely by a boost of 4.4% […]
Soft Dollar Buoyed Precious Metals and Commodities Markets
The dollar index continued its downward trajectory, dipping below 104, as a stream of disappointing economic figures out of the US and comments from certain central bank officials impacted investors. The US manufacturing industry, as revealed by the latest PMI survey from the ISM, has been shrinking for the 16th month in a row in […]
