Energies
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Fed Raised 75 bp, BOE Is Expected To Follow Today
U.S. Dollar Index (USDX) The U.S. dollar eased slightly on Thursday as investors digested the possibility that the Federal Reserve may raise interest rates further than expected, while sterling edged higher ahead of the Bank of England policy meeting. Matching the expectations, the Fed raised its benchmark funds rate by 75 basis points (bps) toContinue Reading
ECB Might Follow The Fed For The 75 bp Hike
U.S. Dollar Index (USDX) The U.S. dollar eased from a one-week top against a basket of major peers on Tuesday, as traders weighed the odds of a less aggressive Federal Reserve at Wednesday’s widely watched monetary policy meeting. The U.S. dollar index eased 0.16% to 111.35, eating into some of the 0.79% gains it madeContinue Reading
U.S. Inflation Persist And The Fed Meets This Week
U.S. Dollar Index (USDX) The U.S. dollar edged higher in early European trade at the start of a pivotal week. Meanwhile, the Dollar Index traded 0.3% higher at 110.975, climbing away from last week’s one-month low of 109.53. However, the core PCE index, accelerated in September, suggesting the U.S. central bank still has work toContinue Reading
ECB Hikes 75 bp But Markets Were Not Affected
U.S. Dollar Index (USDX) The Dollar Index reached a session high of nearly 110.48, rising for the first time since October 19. The dollar rallied as the U.S. economy turned positive for the first time in 2022 with a growth of 2.6% in the third quarter, after two prior quarters in the negative. A strongerContinue Reading
The Greenback Is Weakening And Testing Major Support
U.S. Dollar Index (USDX) The dollar retreated on Thursday as market expectations mounted that the Federal Reserve would tone down its aggressive stance on interest rate hikes. Looking ahead to next week’s FOMC meeting, markets are expecting another 75-basis point hike, although sentiment is building that the Fed will opt for a smaller increase inContinue Reading
