Dollar index forecast: DXY clings to 101.60 support as Fed decision nears
The US dollar index steadied near 101.70 on Wednesday after touching a three-week low, caught between fading October hike odds and a near-certain December rate increase.
Stories tagged “DXY”
5 stories on DXY from MarketRadar.
Dollar index slides to 101.7 as Iran war fears and AI-trade doubts hit the greenback
The dollar index fell 0.25% to 101.71 on Tuesday as traders weighed the US-Iran war against fresh doubts about the AI trade, with sterling, the euro, the yen and the Canadian dollar all gaining.
US dollar holds near highs as 20bp curve flattening offsets hot inflation: ING
ING's Chris Turner says a ~20bp flattening of the 2-10y Treasury curve is anchoring the dollar near 18-month highs, even as hot CPI and PPI prints collide with a tech-led Treasury rally.
US CPI preview: MUFG sees the dollar index at 105 if September inflation runs hot
Hours before September's US CPI print, MUFG argues a hot reading — plus Middle East energy shocks — could push the dollar index to 105, with EUR/USD sliding below 1.10.
Dollar overbought across G10 but no reversal catalyst in sight: ING
ING's FX team says the dollar is stretched across the G10 — overvalued by 1.1% on its own model — but sees no macro trigger yet for the rally to turn.