- Analytics
- News and Tools
- Market News
- USD consolidation amid caution – DBS
USD consolidation amid caution – DBS
The US Dollar (USD) rebounded slightly with DXY bumping back towards 101, DBS FX & Credit Strategist Chang Wei Liang notes.
USD consolidates amid caution
“Caution over equities could have contributed to some position paring in USD shorts, with a US mega semiconductor company reporting earnings that are not quite overwhelming.”
“Atlanta Fed Bostic, a voting FOMC member, also stated that he would want more data to be sure if it is time to cut, and would err on the side of waiting longer given still strong employment.”
“The contrast with Powell’s speech at Jackson Hole may hint at a slower pace of rate cuts than priced by markets. USD could thus see a period of consolidation unless jobless claims surprise on the upside.”
© 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
