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Nadiafarhat
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Nadiafarhat
NEWS: The Dollar Index (DXY)
in
Experienced Traders
Mar 18, 2024 at 06:45
Dollar Index Holds Steady Ahead of Fed's Policy Decision1. Dollar Index Stability:• The dollar index remains stable at around 103.5 on Monday.• Investors await the Federal Reserve's policy decision expected later in the week.2. Impact of US Inflation Data:• Last week, the dollar index gained 0.7% due to hotter-than-anticipated US inflation data.• Concerns arise that the Fed might maintain rates at restrictive levels for a prolonged period.3. Surge in US Producer Prices:• US producer prices surged beyond expectations in February, both monthly and annually.• Earlier data in the week also show...
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