Showing posts with the label The U.S. Dollar Exchange Analysis.

The U. S. Dollar on Monday, January 10, 2022:

 Source: Dollar ticks up as case for March Fed hike grows January 10, 2022 3-4 minutes LONDON (Jan 10) - The dollar ticked up on Monday amid rising bets U.S. inflation will bolster the case for higher interest rates while the European Central Bank's dovish stance on rising prices weighed on the euro. The dollar had met with selling late last week after a weaker-than-expected headline U.S. job-creation figure squeezed traders out of long dollar positions. But analysts said better-than-expected unemployment numbers and U.S. inflation figures expected to show headline CPI at a red-hot 7% year-on-year on Wednesday, make a good case for interest rates to rise sooner rather than later. "The Fed is likely to feel the pressure from this early additional price pressure and feel compelled to start the hiking cycle even as soon as the March meeting," said Elsa Lignos, Global Head of FX St

The U. S. Dollar Exchange Analysis on Friday, December10, 2021: Dollar firms ahead of U.S. inflation data as China's central bank clips yuan's wings

 Source: WATCH LIVE 4 minutes Souvenir banknotes of 100 US dollars and 50 US dollars. Pavlo Conchar | LightRocket | Getty Images The dollar was firm on Friday ahead of U.S. inflation figures, which could settle the course of interest rates, while the Chinese yuan was nursing its sharpest drop in months after a nudge lower from authorities triggered a slide. The euro , seen as vulnerable from U.S. hikes especially if European rate rises lag behind, dropped 0.4% overnight and was under pressure in Asia at $1.1293. The dollar index , at 96.212, is drifting toward its seventh consecutive weekly rise ahead of the data, which is due at 1330 GMT. Annual price gains of 6.8% are expected and any upside surprise will likely be interpreted as a case for a faster Federal Reserve taper and sooner interest rate rises. Consumer confidence data is also due on Friday and if it holds up could portend even more price pressures ahe