US Dollar steady as traders await inflation data, Fed rate decision UnitedStates DollarIndex Macroeconomics
For this Monday, the Dollar Index is making a small recovery after its slide lower at the end of last week, dipping below 103.25. In the Asia-Pacific session, traders revalued the US Dollar back above 103.50 as Monday already holds an important event, the auction of 3-year and 10-year Treasury notes. The Federal Budget Balance for May will be printed as well on Monday.
The CME Group FedWatch Tool shows that markets are pricing in a 30% chance of rate hike for June and an 85% chance for a hike in July. The pause this week could trigger some further easing in the DXY. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, Gold, OilGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 11th, 2022 here.
Read more »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, USD/JPY, GBP/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which
Read more »
USD/CAD ticks higher on sliding Oil prices, subdued USD demand acts as a headwindThe USD/CAD pair kicks off the new week on a slight positive note and for now, seems to have snapped a four-day losing streak to a one-month low, arou
Read more »
USD/JPY strengthens beyond mid-139.00s on modest USD uptick, lacks bullish convictionThe USD/JPY pair gains some positive traction for the second successive day and climbs back above mid-139.00s during the Asian session on Monday. The
Read more »
USD/CAD hangs near one-month low on weaker USD, bearish Oil prices could limit lossesUSD/CAD hangs near one-month low on weaker USD, bearish Oil prices could limit losses – by hareshmenghani USDCAD Fed Inflation Recession Currencies
Read more »
Gold Price Forecast: XAU/USD eases to $1,960 ahead of US inflation, Fed announcementsGold Price (XAU/USD) begins the key week with mild losses, grinding lower to around $1,961 after witnessing a two-week winning streak. In doing so, th
Read more »