The US Dollar Index (DXY) is currently trading at 104.3, reflecting a daily decline.
ISM Services PMI figures from March were weaker than expected. ADP numbers were strong. The odds of an interest rate cut somewhat increased for the June Fed meeting. The focus is set on Friday’s Nonfarm Payroll report. The US Dollar Index is currently trading at 104.3, reflecting a daily decline. Despite the Federal Reserve's cautious stance, consensus forecasts indicate that the beginning of the easing cycle will begin in June.
Still, on an encouraging note, the index continues to trade above the critical support levels dictated by its 20, 100, and 200-day Simple Moving Averages . Despite a short-term negative outlook, this notably upbeat stance suggests that the bulls are still in control over the longer horizon.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar Tree to Close 370 Family Dollar Locations and 30 Dollar Tree StoresDollar Tree, the discount variety store chain, plans to close 370 Family Dollar locations and 30 Dollar Tree stores due to difficulties in maintaining the value of both brands. The company aims to improve profitability and unlock value at Family Dollar.
Read more »
USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in FocusUSD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell's testimony before Congress, and the critical U.S. jobs report – all potential catalysts for FX volatility.
Read more »
Interest Rates, US Dollar Soar on Hot ISM DataMarket Overview Analysis by Michael Kramer covering: US Dollar Index Futures. Read Michael Kramer's latest article on Investing.com
Read more »
US Dollar advances on the back of strong ISM PMI readingsThe US Dollar Index (DXY) trades at 104.95 on Monday morning, reflecting some gains.
Read more »
Australian Dollar edges lower amid a lower equity market, stable US DollarThe Australian Dollar (AUD) retraces its recent gains registered on Tuesday, edging lower on Wednesday.
Read more »
Fed Chair Powell: No ’secret lab’ brewing a digital dollar surpriseFed Chair Powell told reporters that a digital currency isn't currently being worked on in a 'secret lab.'
Read more »