USD Index should trade in a narrow 103.30-104.00 range into tomorrow's CPI number – ING DollarIndex CPI Volatility CentralBanks Banks
Low levels of FX volatility will continue to favour carry trade strategies unless we see some major dislocation in the US rates market or some financial system stress re-appear. Against that backdrop, the Dollar should stay reasonably bid and its first major challenge this week will be tomorrow's May US CPI.
DXY should trade in a narrow range into tomorrow's CPI number, with bigger moves coming later in the week when we hear from the Fed, the ECB, and the BoJ.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Weekly Forex Forecast \u2013 NASDAQ 100 Index, USD/JPY, GBP/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which
Leer más »
EUR/USD could see a retest of last week's low at 1.0635 – INGEUR/USD continues to trade well above 1.07. Economists at ING analyze the pair’s outlook. EUR/USD will find a base in the 1.05/1.07 area this month Th
Leer más »
USD/JPY consolidates above 139.00 as investors turn anxious ahead of US CPIThe USD/JPY pair is oscillating in a narrow range around 139.50 in the late Asian session. The asset is expected to remain on tenterhooks as investors
Leer más »
GBP/USD gathers strength for a break towards 1.2600, US CPI and UK Employment eyedThe GBP/USD pair has turned sideways around 1.2580 after an upside move in the early London session. The Cable is making efforts for resuming its upsi
Leer más »
USD/CHF faces barricades around 0.9040 as investors await US CPI for further guidanceThe USD/CHF pair has faced delicate barricades around 0.9040 in the European session. A volatile action from the Swiss Franc asset cannot be ruled out
Leer más »
USD Index gives away some gains around 103.40The greenback, when measured by the USD Index (DXY), starts the week slightly on the defensive and around the 103.40 region. USD Index focuses on key
Leer más »