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The US Dollar (USD) is having a knee jerk moment with traders winding back a touch their positions in the Greenback after the hot Consumer Price Index (CPI) release from Wednesday. Reason is the Producer Price Index final reading for March
The US Dollar Index (DXY) is currently trading at 105.45, marking its highest position since November 2023.
The US Dollar (USD) is being bought, that much is clear after the recent US Consumer Price Index (CPI) print. with all numbers coming in at the high end of expectations, there is no more doubt that June is now off the table for a first cut from the
The US Dollar Index (DXY) rallied to 105.20, up by nearly 1%, on Wednesday.
The US Dollar Index (DXY) is currently trading at 104.12, remaining rather neutral.