US Dollar Index grinds near 104.00 amid US holiday, Fed Minutes, US GDP eyed – by anilpanchal7 DollarIndex RiskAppetite Fed GDP China
Hawkish Fed bias, geopolitical fears underpin the US Dollar amid sluggish session.US Dollar Index picks up bids to regain 104.00, after the previous day’s reversal from a 1.5-month high, as market players struggle for clear directions during early Monday. In doing so, the greenback’s gauge versus the six major currencies cheers the market’s risk-off mood, as well as the hawkish bias for the Federal Reserve , amid an inactive week-start due to the holidays in the US and Canada.
During the weekend, North Korea fired two ballistic missiles toward Japan and renewed the fears that the hermit kingdom is up to something serious that can endanger the global economy, mainly due to the nature of the missiles fired as they both were termed as tactical nuclear attack weapons. As per the latest Federal Reserve talks, Fed Governor Michelle Bowman said, “We are seeing a lot of inconsistent data in economic conditions,” as reported by Reuters. On the contrary, Richmond President Thomas Barkin said that they are seeing some progress on inflation with demand normalizing, as reported by Reuters.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Dollar slips as market eyes upcoming Fed action By Reuters*DOLLAR SLIPS AS MARKET EYES UPCOMING FED ACTION - $USD 🇺🇸🇺🇸
Baca lebih lajut »
Yoán Moncada is aiming to bounce back after a subpar season for Chicago White Sox — and ‘he’s hungry for information’After suffering a right oblique strain on the first day of camp last spring, Yoán Moncada had a long — and painful — 2022 season. But the White Sox third baseman is only looking ahead. “Now my focus in my mind is on this season and all I can do.”
Baca lebih lajut »
New Silicon Valley Index Report ReleasedThe Silicon Valley Index was released this week and it aims to provide clarity on what’s going on in the region.
Baca lebih lajut »
Weekly Forex Forecast \u2013 USD/JPY, S\u0026P 500 Index, NASDAQ 100he difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade.
Baca lebih lajut »
Fed's Barkin: 'Slow progress' on inflation, sees more hikesA top Federal Reserve official is downplaying recent signs that the economy is strengthening, but also said he is prepared to keep raising interest rates in smaller increments as often as needed to quell inflation.
Baca lebih lajut »
The Fed’s favorite inflation gauge will be the big market hurdle of next weekWorries about high inflation continue to weigh on investors' minds, as hotter-than-expected data this week showed the stubbornness of lofty prices.
Baca lebih lajut »