- Analytics
- News and Tools
- Market News
- US Dollar Index to break out to new 2021 highs beyond 94.00 – Westpac
US Dollar Index to break out to new 2021 highs beyond 94.00 – Westpac
FXStreet reports that economists at Westpac said that Fed’s taper signal and inching forward of rate lift-off plans should underpin the US Dollar Index (DXY) near-term.
“The FOMC delivered on expectations for a tapering signal, but the main takeaway is the ongoing evolution in the Fed’s thinking on the path of rate hikes. Another two officials joined the seven already pencilling in lift-off for 2022, leaving the Fed evenly divided on the prospect of starting rate hikes next year. The median dot for 2023 rose by another 25bp too, signalling three hikes for that year.”
“Short end rate support for the USD should continue to build through 2022, though DXY is admittedly already slightly expensive vs yield spreads.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
