US Dollar Price Outlook: DXY Falling Wedge in Play Ahead of PCE Release
US Dollar Price Outlook: DXY Falling Wedge in Play Ahead of PCE Release 2021-04-30 07:00:00 Daniel Moss, Analyst US Dollar, DXY, PCE Price Index, Federal Reserve, Fed Funds Rate – Talking Points: Equity markets drifted lower during APAC trade as regulatory restrictions weighed on regional risk sentiment. Fed tapering bets may underpin the US Dollar against its major counterparts in the near term. Falling Wedge pattern suggests a reversal higher could be on the cards for the DXY. Asia-Pacific Recap Equity markets slipped lower during Asia-Pacific trade, as a slew of regulatory restrictions...
Source: dailyfx.com