Daily digest market movers: DXY losses limited by US economy strength and rising Treasury yields
- Given the current steady expansion and continued inflation in the US economy, the Fed stays wary of modifying monetary policy and its officials ask for caution.
- Markets are still pricing in higher odds of around 60% of the easing cycle to start in June.
- US Treasury bond yields demonstrate a slight increase. The 2-year yield stands at 4.78%, the 5-year at 4.41%, and the 10-year at 4.33%.
- On Wednesday, the US will release Consumer Price Index (CPI) data from March, a crucial inflation indicator.
- The headline figure is seen accelerating, while the core measure is seen cooling down. The outcome of the index will likely fuel volatility in the USD dynamic via movements in Treasury yields and Fed expectations.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.