USD Index treads water around 104.00 ahead of data

The greenback alternates gains with losses around the 104.00 yardstick when measured by the USD Index (DXY) on turnaround Tuesday. USD Index focused o

Eminent issues on the back boiler:

Persistent debate over a soft or hard landing for the US economy. Incipient speculation of rate cuts in early 2024. Geopolitical effervescence vs. Russia and China.Now, the index is down 0.06% at 103.91 and faces immediate support at 103.09 followed by 102.33 and then 101.74 . On the upside, the breakout of 104.44 would open the door to 104.69 and finally 105.88 .Information on these pages contains forward-looking statements that involve risks and uncertainties.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

FXStreetNews /  🏆 14. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

USD Index faces some selling pressure and challenges 104.00The greenback, when tracked by the USD Index (DXY), comes under some downside pressure and disputes the 104.00 yardstick in the wake of the opening be
Les mer »

USD/CAD juggles around 1.3600, following the footprints of USD IndexThe USD/CAD pair oscillates in a narrow range near the round-level resistance of 1.3600 in the late European session. The Loonie asset remains sideway
Les mer »

Forex analysis: AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD [Video]Watch the video for the key trading levels for the week ahead for AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD.
Les mer »

104-year-old Chicago woman aims to set world record as oldest solo skydiverDorothy Hoffner wants to set the world record to prove just one thing.
Les mer »

US Dollar Index: Yields, inflation expectations weigh on DXY near 104.00, US CB Consumer Confidence eyedUS Dollar Index (DXY) remains on the back foot around 103.95 during early hours of Tuesday’s Asian session, after reversing from an 11-week high to sn
Les mer »

USD Index Price Analysis: Further upside could retest 104.70DXY comes under pressure and confronts the key support at the 104.00 region at the beginning of the week. Immediately to the upside turns up the Augus
Les mer »