Back
27 Nov 2014
USD Index retreats after the 88.440 high – DBS
FXStreet (Barcelona) - The DBS Research Team, notes that the USD DXY Index fell down continuously in the past three sessions after hitting a high of 88.440.
Key Quotes
“The US dollar, as measured by the DXY index, has retreated in the past three sessions after hitting a new high of 88.440 on 24 November.”
“There is a sense in the market that the depreciation in the euro and the Japanese yen may have run their course, and that a higher US dollar from here may also delay the Fed’s plan to normalize monetary policy.“
“Despite the stronger-than-expected US GDP in 3Q14, attention now is turning to Black Friday tomorrow as a gauge of consumer spending in 4Q15.”
“As for today, attention will fall on initial jobless claims which have been rising over the past month after hitting a bottom on 10 October. Another rise would increase the caution already setting in ahead of next Friday’s monthly US jobs report.”
Key Quotes
“The US dollar, as measured by the DXY index, has retreated in the past three sessions after hitting a new high of 88.440 on 24 November.”
“There is a sense in the market that the depreciation in the euro and the Japanese yen may have run their course, and that a higher US dollar from here may also delay the Fed’s plan to normalize monetary policy.“
“Despite the stronger-than-expected US GDP in 3Q14, attention now is turning to Black Friday tomorrow as a gauge of consumer spending in 4Q15.”
“As for today, attention will fall on initial jobless claims which have been rising over the past month after hitting a bottom on 10 October. Another rise would increase the caution already setting in ahead of next Friday’s monthly US jobs report.”