US Dollar Index: Hawkish Fed signals, geopolitical fears favor DXY bulls near 104.50 – by anilpanchal7 DollarIndex RiskAppetite Fed Russell China
FOMC Minutes, Fed talks favor higher rates, China-Russia ties signal amplify geopolitical woes. seesaws near 104.50, grinding higher around the weekly top, as the greenback bulls cheer hawkish Federal Reserve concerns amid geopolitical fears during early Thursday. In doing so, the greenback’s gauge versus the six major currencies seeks fresh directions to extend the two-day uptrend, which in turn highlights today’s data that provides early signals for the US inflation and output conditions.
Previously, comments from China's top diplomat Wang Yi and Russian President Putin weigh on the sentiment and propelled the US Dollar Index . China’s Diplomat Wang Yi met Russian President Vladimir Putin and said that they are ready to deepen strategic cooperation with Russia on Wednesday, as reported by Reuters. The Chinese policymaker also added that their relations will not succumb to pressure from third countries.
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