- Analytics
- News and Tools
- Market News
- USD Index: Break below 200-DMA at 103.78 to clear path for return to February low near 103.00 – SocGen
USD Index: Break below 200-DMA at 103.78 to clear path for return to February low near 103.00 – SocGen
The US Dollar (USD) ended a run of five weeks of gains. Economists at Société Générale analyze Greenback’s outlook.
Month-end equity rebalancing flows could keep USD on the back until Thursday’s PCE
Month-end equity rebalancing flows could keep the Dollar on the back foot until the release of PCE inflation on Thursday.
The reconvergence of the DXY towards the 200-DMA (103.78) requires close scrutiny. A break below would clear the path for a return to early February lows near 103.00 and could guide EUR/USD above 1.0900, GBP/USD over 1.2750 and AUD/USD towards 0.6600.
© 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
