The Dollar Retreats as Investors Eye Inflation Data
February 13, 2018 8:41 amVideo
Latest News
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
The Dollar Retreats as Investors Eye Inflation Data. Last week, the dollar surged against most of its global peers. It rose to $90.57, which is its highest level since January 23rd.
Yesterday, the dollar index fell a few basis points to end the day at $89.97. This fall came as the volatility in the market slowed down as global stocks showed signs of recovery. Yesterday, the main global indices ended the day higher with the Dow closing above 400 points.
The rally also paused as investors waited for the inflation data, which will be released yesterday. Potentially, this is the data which could have significant impacts on the global financial markets. A surge in inflation will lead to chatter of higher rate hikes.
At the same time, investors are waiting for the hearing of Jerome Powell, the new Fed chair. He will address committees on 28th this month. Investors will want to hear his opinions about the market and how he plans to move forward.
There is a likelihood that the dollar index could fall to the support level of $89.90.
The post The Dollar Retreats as Investors Eye Inflation Data appeared first on Forex.Info.
Related Posts: