USD Index climbs to new highs past 105.00 ahead of Payrolls – by pabspiovano DollarIndex Currencies Majors NFP
The dollar keeps the buying bias unchanged in the second half of the week so far, managing well to regain the 105.00 barrier and above.
Furthermore, the tight labour market, still elevated inflation and the resilient economy are also seen supportive of the firm message from the Federal Reserve and its hiking cycle.: Nonfarm Payrolls, Unemployment Rate, ISM Non-Manufacturing PMI, Factory Orders .: Hard/soft/softish? landing of the US economy. Prospects for further rate hikes by the Federal Reserve vs. speculation of a recession in the next months. Fed’s pivot. Geopolitical effervescence vs. Russia and China.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD Index Price Analysis: Initial up barrier emerges around 105.00DXY resumes the uptrend and appears en route to test the key resistance area around 105.00 on Thursday. The index keeps the consolidative mood in plac
Read more »
Silver Price Forecast: XAG/USD tanks toward $23.20s ahead of US Nonfarm PayrollsSilver price extended its losses for the second consecutive day after hitting a nine-month high around $24.54 on Tuesday, plunging more than 2%. Robus
Read more »
USD Index bounces off lows and regains 104.00 ahead of FOMCFollowing an earlier drop to daily lows near 103.80, the USD Index (DXY) manages to pick up some pace and retake the 104.00 neighbourhood on Wednesday
Read more »
USD Index remains offered above 104.00 ahead of data, FedspeakThe USD Index (DXY), which tracks the greenback vs. a bundle of its main competitors, remains on the defensive just above the 104.00 mark on Thursday.
Read more »
USD Index Price Analysis: Extra losses likely below 103.39DXY gives away most of Tuesday’s strong advance to the boundaries of the 105.00 hurdle and returns to the sub-104.00 region on Wednesday. The index ap
Read more »
GBP/USD faces barricades around 1.1930 as US Dollar Index reboundsThe GBP/USD pair is facing pressure while attempting the cross the immediate resistance of 1.1930 in the early European session. The Cable is expected
Read more »