DXY Index exhibits mild losses at 105.35, indicating a modest bearish trend.
Market attention is centered on conservative Fed comments and April inflation expectations that could shape US Dollar outlook.
Bets on the Fed remain steady and also lend support ot the USD.
The US Dollar Index (DXY) is trading mildly lower at 105.35 on Monday at the midpoint of the US session. The strong market odds and the Federal Reserve's (Fed) hawkish stance toward cutting interest rates limits the losses for the US Dollar. Any possible Greenback rally predominantly depends on major US data this week, particularly April’s Consumer Price Index (CPI) on Wednesday.
The US economy continues to exhibit robust growth in Q2, underpinning the USD's recovery following cautious Fed comments. Signals hinting at no imminent rate cuts have adjusted the market's easing expectations, fostering a more hawkish outlook. Fed officials' stance, while cautious, is largely data-driven, and key indicators such as CPI and Retail Sales due this week will drive the narrative.
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.
Hot
No comment on record. Start new comment.