The US Dollar Index (DXY) may reestablish an upward trend following the Federal Reserve interest rate decision as it appears to be trading within a bull flag formation. Get your weekly $EUR forecast from DavidJSong here:
It remains to be seen if the ECB will adjust the forward guidance at its next meeting on February 3 as the core Consumer Price Index holds steady at 2.6% per annum for the second month, which is the highest reading since the data series began in 1997, and speculation for a change in regime may keep EUR/USD within the November range as the “G
overning Council stands ready to adjust all of its instruments, as appropriate and in either direction, to ensure that inflation stabilises at its 2% target over the medium term.Nevertheless, the update to the US CPI may sway EUR/USD over the coming days as the headline reading is expected to increase to 7.1% from 6.
With that said, EUR/USD may continue to track the November range over the coming days as it attempts to retrace the decline from the start of the year, but fresh data prints coming out of the US may sway the exchange rate as the Fed prepares to implement higher interest rates while the ECB remains in no rush to normalize monetary policy.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US Dollar Index Price Analysis: Extra gains likely above 96.50DXY alternates gains with losses at/above the 96.00 yardstick ahead of the key US Nonfarm Payrolls on Friday. If the buying interest gathers impulse,
Consulte Mais informação »
US Dollar Index unchanged above 96.00 post-PayrollsThe selling interest around the greenback remains well and sound at the end of the week and keeps the US Dollar Index in the area above the 96.00 barr
Consulte Mais informação »
Forex Today: Dollar consolidates Fed-inspired gains, eyes on EU inflation, US NFP dataForex Today: Dollar consolidates Fed-inspired gains, eyes on EU inflation, US NFP data By eren_fxstreet Currencies Majors Macroeconomics Metals CryptoCurrencies
Consulte Mais informação »
US dollar to lurch higher on strong unemployment rate and average earnings readings – INGA very hawkish set of FOMC minutes on Wednesday is still reverberating across markets, keeping the dollar reasonably well-supported. With the minutes
Consulte Mais informação »
USD/JPY struggles at 116.00 after mixed US NFP report amid higher US T-bond yieldsThe USD/JPY fails to gain traction after a mixed US Nonfarm Payrolls report, trading under the 116.00 threshold during the New York session. At the ti
Consulte Mais informação »
U.S. job growth seen accelerating in December; record job creation anticipated for 2021U.S. employment growth likely picked up in December, culminating in record job creation in 2021, but the labor market could temporarily lose its luster as raging COVID-19 infections cause disruptions at businesses and schools.
Consulte Mais informação »