US DOLLAR OUTLOOK FOR NEXT WEEK: FOMC RATE CUT ODDS IN FOCUS WITH ECONOMIC DATA & TRADE WAR HEADLINES EXPECTEDThe US Dollar s
US DOLLAR OUTLOOK FOR NEXT WEEK: FOMC RATE CUT ODDS IN FOCUS WITH ECONOMIC DATA & TRADE WAR HEADLINES EXPECTED
- The US Dollar staged a formidable comeback this week which erased almost half of final month’s draw back that pushed the DXY Index to its lowest stage since August 09
- USD worth motion faces critical occasion threat subsequent week like CPI and retail gross sales information releases that can possible weigh on FOMC price reduce expectations along with US-China commerce rhetoric
- USD/JPY, USD/CAD, USD/MXN, AUD/USD, NZD/USD and GBP/USD are the foremost US Greenback foreign money pairs that seem liable to experiencing heighted volatility subsequent week
The US Greenback edged increased during the last 5 buying and selling days and has pushed the DXY Index – a popularly referenced basket of main USD foreign money pairs – to its strongest stage since mid-October. Broadly talking, Friday’s extension to the upside will be defined by falling FOMC price reduce odds and counterpart weak point.
I famous within the earlier US Dollar Price Volatility Report that USD worth motion stood to reply overwhelmingly to the newest US-China commerce struggle headlines and client sentiment information. US President Trump’s tariff remarks, which contradicted previous feedback from the White Home, ended up dominating markets and overshadowed client sentiment.