US Dollar holds steady to start the week full of important data releases – by eren_fxstreet DollarIndex UnitedStates SEO Macroeconomics Technical Analysis
On the upside, 102.00 aligns as initial resistance before 102.50 . A daily close above the latter could attract buyers and pave the way for an extended uptrend toward 103.00 .
When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing . QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system.
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