US DOLLAR ADVANCES FURTHER FOLLOWING FRIDAY’S RALLY

avatar
· 阅读量 95



  • USD extends its previous profits, continuing on a winning streak.
  • US economy still shows strength, May's Consumer Price Index remains focal point.
  • Fed's projections for the economy will be closely watched on Wednesday, but decision is expected to be a hold.

On Monday, the US Dollar Index (DXY) saw a hike, moving further up toward the 105.23 area, following the streak from Friday's rally. Despite some initial fluctuations, the broader perspective of the robust US economy remains strong, thus hinting at maintaining the USD gains.

Market participants are still keeping their focus mostly on the Consumer Price Index (CPI) for May and the Federal Reserve (Fed) meeting, both on Wednesday. As Monday's session didn't offer any major highlights, investors' eyes are glued to these upcoming events. The anticipated data along with the decision will provide a clearer image of the inflation rate and the potential changes in the monetary policy trajectory.


风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
avatar
回复 0

暂无评论,立马抢沙发

  • tradingContest