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Your email address will not be published.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

Fed’s Harker: The Fed has done a good job in navigating the economy

There is nothing here on the current outlook in the speech. He's...

Baker Hughes US oil rig count: Unchanged at 488

The recent drop in oil prices hasn't curbed drilling yet but could...

Fed’s Bowman explains dissent. Says she would have preferred a smaller rate cut

Sees progress on inflation and labor market cooling since mid-2023Believes smaller initial...

Morgan Stanley: We expect a string Fed cuts through mid-2025; staying short USD/JPY

Morgan Stanley anticipates a series of 25bp cuts from the Federal Reserve...