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11 August 2022 – U.S. Inflation Data Boost Commodities
U.S. Dollar Index (USDX) The weak dollar was the clincher for those seeking advance in the market while the Dollar Index hit a one-month low of 104.51. The dollar tumbled after the Labour Department reported that the Consumer Price Index rose by 8.5% during the year to July versus a 9.1% annual expansion in JuneContinue Reading
10 August 2022 – Waiting for the CPI data
U.S. Dollar Index (USDX) The U.S. dollar index steadied on Wednesday as traders are waiting for a key U.S. report on inflation to provide hints to the Federal Reserve’s plans for future monetary tightening. The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in JulyContinue Reading
09 August 2022 – Calm Day Before The CPI Data
U.S. Dollar Index (USDX) The U.S. dollar edged lower in early trades today, embracing a horizontal pattern ahead of the release of the key U.S. consumer inflation data. The Dollar Index traded 0.1% lower at 106.10, dropping further back from Friday’s peak of 106.93, the strongest level since July 28. Traders will be eying theContinue Reading
