top of page

Title: US Dollar Index rose to 2-day highs near 94.20 ahead of data

Writer's picture: analysiswatchanalysiswatch

10/18/2021 7:14:10 AM GMT

By: AnalysisWatch




The list recovers and potential gains footing after three continuous day-by-day pullbacks, including the remedial drawback from new 2021 highs past 94.50, recorded on October 12.



The move higher in the list comes in tandem with the recuperation in US yields, where the front finish of the bend plays at the 0.42% level and the paunch outperforms the 1.60% measuring stick so far on Monday.


Meanwhile, the dollar is showing up all over the place, bolstered by strong chances of a tightening declaration as soon as the November meeting, while Fed speakers have been adding to their support for this view, particularly since the September FOMC meeting.

In the US information circle, industrial and manufacturing production figures are expected later in the NA meeting, supported by capacity utilization, the NAHB Index, and TIC Flows.


The record was amended lower following new 2021 highs of 94.50 on October 12, albeit the negative move has so far met nice conflict at 93.70. Consistent Fedspeak, the expected start of the tightening system, higher returns, and the growing likelihood that high swelling could wait longer continue to set up the opinion around the buck for now and support the case for the resumption of the upturn in DXY in the somewhat temporary skyline.

0 views0 comments

Commentaires


2b94f773-a237-4da7-a599-6b42314ed9e6.png

Risk Disclosure: AnalysisWatch will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
AnalysisWatch would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore AnalysisWatch doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

bottom of page