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Dollar Gains Ground as CPI Report Produces Higher Odds for a Fed Rate Hike
The dollar index (DXY00 ) on Friday rose by +0.06%. The dollar found support as a hawkish US CPI report pushed odds of an FOMC rate hike next week up to 88% from 75% on Thursday. Also, the 10-year T-note yield on Friday rose by +0.6 bp, supporting the dollar’s...
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finance.yahoo.com
US Dollar Price Forecast: DXY Stays Weak as ECB Hike Looms and Inflation Risks Rise; EUR/USD and GBP/USD in Focus
DXY struggles despite higher Treasury yields as traders await U.S. PPI and the ECB decision, while EUR/USD and GBP/USD hold bullish support.
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barchart.com
Dollar Supported by Rising Crude Prices and T-Note Yields
The dollar index (DXY00 ) is up by +0.20% today. The dollar is moving higher today amid the +3% surge in WTI crude oil to a 3.5-month high, which is boosting inflation…
