US Dollar gathers strength, eyes on US debt ceiling talks – by eren_fxstreet DollarIndex Macroeconomics UnitedStates
sday. The US Dollar Index stretches higher toward 102.00 and stays in positive territory for the week.
The Core CPI inflation, which excludes volatile food and energy prices, edged lower to 5.5% in April from 5.6% in March as expected. On a monthly basis, the CPI and the Core CPI rose 0.4%, matching analysts' estimates. The CME Group FedWatch Tool shows that markets are pricing in a more than 90% probability of the Fed leaving its policy rate unchanged at the next policy meeting.
Meanwhile, the Relative Strength Index indicator on the daily chart rose slightly above 50, pointing to a buildup of bullish momentum. , in the open market to spur growth and QT is exactly the opposite. QE is widely seen as a USD-negative central bank policy action and vice versa.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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Forex Today: US Dollar consolidates gains, eyes on US April inflation dataForex Today: US Dollar consolidates gains, eyes on US April inflation data – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
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