- Analytics
- News and Tools
- Market News
- Powell’s words can determine whether USD Index will end the quarter above or below the 102.00 mark – ING
Powell’s words can determine whether USD Index will end the quarter above or below the 102.00 mark – ING
Fed Chair Powell starts two days of Congress testimony today. A successful hawkish message could give the Dollar some support into the next key releases, economists at ING report.
USD set to remain overwhelmingly more sensitive to data
A successful rate-cut pushback this week by Powell can offer the Dollar some support in the near term, but the as market pricing remains un-anchored from the Fed’s Dot Plot projections for the next rate hikes.
Still, the first week of July is when we’ll get the most important set of data releases in the US, so Powell’s words can determine whether DXY will end the quarter above or below the 102.00 mark.
© 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
