USD Index: A return above 114 appears a big ask if the Fed signals tightening may slow in December – SocGen DollarIndex Fed Banks
is strengthening to over 111 as FOMC week gets underway. The focus for the Fed is on guidance for December. A signal to slow tightening next month could avoid a push above the 114 level, economists at Société Générale report.“Though expectations for the terminal rate moved up over the past month to 5% next spring, this has not translated into new highs for the dollar.
“Profit taking in USD/G10 since 21 October has been led primarily by the rebound in GBP but gains have been trivial in comparison for other currencies that make up a larger share of the DXY like the euro . In other words, barring a big advance in the single currency, in yen or sterling which to us all look unlikely, losses for the DXY should be contained.”
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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.
Egypt's pound sinks further against dollar after flexibility pledgeEgypt's pound fell about 4% to 24 against the dollar as trading resumed on Sunday, Refinitiv data showed, after authorities committed to a flexible exchange rate under an International Monetary Fund support deal.
Read more »
“The Queen’s Umbrella” And “One Dollar Lawyer” Top Most Buzzworthy Drama And Actor RankingstvN’s “The Queen’s Umbrella” dominated this week’s rankings of the most buzzworthy dramas and actors! This week, the new historical drama starring Kim Hye Soo rose to No. 1 on Good Data Corporation’s weekly list of the dramas that generated the most buzz. The company determines each week’s rankings by collecting data from news articles,
Read more »
After Huobi Delisting Stablecoin HUSD Falls 72% From Dollar pegThe HUSD stablecoin has fallen to 28 cents, significantly losing its dollar peg after it was delisted by HuobiGlobal last week. Reporting by oknightcrypto.
Read more »
Week Ahead: Fed Meeting Will Test The Short-Term Rebound | Investing.comMarket Overview Analysis by Pinchas Cohen/Investing.com covering: XAU/USD, S&P 500, US Dollar Index Futures, Gold Futures. Read Pinchas Cohen/Investing.com's latest article on Investing.com
Read more »