USD Index has risen to fresh 2023 highs, breaking beyond the 107.00 level. JOLTs positions are the subsequent item
USD Current Trading Price:
| DXY | Actual – 107.1204 | Change -0.2164 |
USD index continues to rise over the 107.00 mark; to an important Resistance level.
The USD Index, which monitors the greenback against a basket of its key opponent foreign currencies. Maintains its strong rise beyond the 107.00 threshold to set fresh 2023 highs early Tuesday.
The USD Index considers yields, statistics, and the Federal Reserve.
The DXY rises for the 3rd straight period, adding to this week’s good commence. Reaching fresh annual records in values that occurred in the month of Nov 2022, above 107.00.
Expenditure statistics released on Friday indicated that robust American consumption might continue into the Q4. Whereas, coming Friday’s eagerly anticipated U.S. employment report should be good “and will not change the Fed’s aggressive posture, nor buoy the US dollar
The similarly significant rise in US rates throughout the slope supports the dollar’s robust uptrend. That has remained active from the middle of July but is now in its twelfth straight week of rises.
The persistence of the USDs rising trend seems to be supported by expectations of more tightening by the Fed (one additional rate rise is factored in prior to the close of this year). An outlook that was further bolstered by hardline remarks by M. Bowman yesterday.
For the United States, the publication of the JOLTs Job Openings will take center stage late in the American period. Followed by an address by Atlanta Federal Reserve’s- R. Bostic
Meanwhile, the value of the dollar continues to be supported by the strength of the economy in the US. That looks to be sustained by the Fed’s repeated stricter-for-prolonged time span approach.
USD – Pairs
| USD Pairs Current Trading Pricing (at the time of writing | |||
| Actual | Chg | % Chg | |
| EURUSD | 1.04672 | 0.00088 | -0.08% |
| GBPUSD | 1.20727 | 0.00133 | -0.11% |
| AUDUSD | 0.63159 | 0.00461 | -0.72% |
| NZDUSD | 0.59126 | 0.00324 | -0.54% |
| USDJPY | 149.806 | 0.044 | -0.03% |
| USDCNY | 7.32251 | 0.00111 | 0.02% |
| USDCHF | 0.92061 | 0.00251 | 0.27% |
| USDCAD | 1.37009 | 0.00249 |
Technical Analysis
The index is currently up 0.13 percent at 107.12, with a breach of 107.19 seen opening the way to 107.99 (weekly peak on Nov. 21, of 2022), Then eventually 110.99 (top of the 10th of Nov of 2022). First assistance, on the opposite side, appears around 104.42 mark. Followed by 103.12 (200-day Simple Moving Average). Followed by 102.93 (a week’s bottom 30th Aug).
