US headline PPI unexpectedly declined in August — marking its first drop in four months, with core readings (exclude food and energy) also surprised to the downside, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Two-way intraday trading for the DXY
"A softer-than-expected US PPI reinforced market expectations that the Fed will resume cutting rates next week, with 27bp of cuts priced for next week. In other news, US judge has ruled that Governor Lisa Cook will remain in her position and be able to participate in next week’s FOMC meeting."
"The DXY initially dipped on the dovish inflation surprise but quickly recovered, leaving the index little changed on the day. Looking ahead, tonight’s key events include the release of US CPI data and the European Central Bank (ECB) policy meeting."
"Against this backdrop, we anticipate two-way intraday trading for the DXY, with a bias towards selling rallies in the US Dollar. Resistance is at 98.10 levels (21, 50 DMAs), 98.70 (100 DMA) and 99.60 (23.6% fibo retracement of 2025 high to low). Support sits at 96.40 levels."
作者：FXStreet Insights Team，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
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。
加载失败()