The US dollar has broken lower in places, but will the move have legs or just prove the latest red herring for trend followers? USDJPY bears at least have some fresh support from the reversal in US treasury yields. The weak USD – is this the beginning of a breakdown? It is too early to […]
US Dollar
The market is still overestimating Fed easing even while the Fed is defying dovish expectations. S&P Global preliminary September PMIs came in above forecasts, indicating that the economy is still doing well. Fed representatives will make an effort to temper their dovish remarks. Amidst growing concerns of a recession, the US Dollar Index (DXY), which […]
US dollar has ceased its upward trajectory since the release of US economic data indicating a slowdown in consumer prices. This data has reinforced expectations that the Federal Reserve is likely begin cutting interest rates at its September meeting. This data has fuelled speculation that the Federal Reserve is likely to start rate cut September […]