g10 fx
United States Dollar Index softens below 100.00 as softer PPI dampens Fed hike odds - tmgm.com
From the original
United States Dollar Index softens below 100.00 as softer PPI dampens Fed hike odds tmgm.com
Related speeches
4 itemsUnited States Dollar Index weakens as cooling US inflation eases Fed rate hike odds - tmgm.com
United States Dollar Index strengthens to near 101.50, US ADP and PCE data loom - tmgm.com
ING THINK
FX Daily: Benign CPI takes sting out of dollar’s upside
The market reacted to a softer-than-expected US CPI print by pushing the DXY dollar index down by 0.5%, signaling a recalibration of Fed tightening expectations. Per the full note from ING, this release has prompted a 10bp reduction in projected Fed rate increases, reflective of market sentiment that a pause in rate hikes is more plausible. Additionally, various high-yield commodity currencies are poised to benefit from this inflation backdrop. This sentiment comes ahead of today's PPI data and further Federal Reserve commentary, which may reinforce or mitigate the dollar’s current trajectory.
More like this
5 itemsCiti sees euro downside risk to 1.0850 on peripheral widening By Investing.com - Investing.com South Africa
Top Altcoins Price Forecast: Ripple, Cardano, Solana – Strong recovery signals breakout rally - tmgm.com
Sui price targets $1.27 as Bitcoin strength lifts sentiment and gasless USDsui transfers expand - Bitget
AUD/USD Price Forecast: Strengthen to near 0.6950, but keeping bearish bias amid oversold conditions - tmgm.com