USD Overview (29 September 2021)
#OPINIONLEADER# #USDollarIndex#
ByJin Dao Tai
SEP 29, 2021
Yesterday, USD strengthened against all currencies.
In an interview yesterday, Federal Reserve committee member James Bullard said that he is expecting two interest rate hikes in 2022 as more aggressive actions are required from the central bank to tame the high inflation.
The Conference Board Consumer Confidence data (Actual: 109.3, Forecast: 115.2, Previous: 113.8) released yesterday indicated a decline in the level of optimism on the U.S. economic conditions due to the ongoing concern of the Delta variant.
During his testimony yesterday, Fed Chairman Jerome Powell the central bank is far from achieving its maximum employment goal.
Chairman Powell will be speaking later at the ECB Forum on Central Banking at 2345 (GMT+8).
Also, the central bank committee member Bostic will be speaking tomorrow at 0200 (GMT+8).
During these times, there may be volatility in USD.
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