Friday , 20 September 2024
Home Forex US Dollar extends losses as soft inflation data confirms market’s September rate cut expectations
Forex

US Dollar extends losses as soft inflation data confirms market’s September rate cut expectations

The US Dollar measured by the DXY index slipped further on Thursday, mainly due to the decelerating inflation figures from the US Consumer Price Index (CPI), which makes an even better case for a September interest rate cut by the Federal Reserve (Fed).

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Qualcomm has approached Intel about a takeover in recent days

Shares of Intel are trading up 5.82% after reports from the WSJ...

EURUSD held the support outlined in the morning kickstart video and bounced. What next?

Earlier today, in the kickstart video, I outlined the following key support...

Fed Harker: There is a risk that inflation decline could stall

Fed's Harker who has already spoken earlier today, is back on the...

Crude oil futures settled up $0.16 at $71 a barrel

The price of the WTI crude oil futures are settling up $0.16...