USD Index flirts with multi-week tops near 104.50, focus on Fedspeak, debt ceiling – by pabspiovano DollarIndex Currencies Majors
: Debt ceiling. Persistent debate over a soft/hard landing of the US economy. Terminal Interest rate near the peak vs. speculation of rate cuts in late 2023/early 2024. Fed’s pivot. Geopolitical effervescence vs. Russia and China. US-China trade conflict.Now, the index is up 0.39% at 104.46 and the surpass of 104.53 would open the door to 105.63 and then 105.88 . On the flip side, the next support emerges at the 100-day SMA at 102.88 seconded by the 55-day SMA at 102.44 and finally 101.01 .
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