US Dollar Index rises to near 100.00 due to cautious Fed policy outlook

A risk off tone propels the dollar higher

USD The dollar extended its rally on Tuesday, hitting multi‑month highs against both the euro and the pound as a risk-off tone gripped markets on the back of a selloff for equities and renewed concern over the length of the U.S. government shutdown. Divisions among Federal Reserve officials about the need for another rate cut kept near‑term expectations in check and helped the dollar index break above 100. Our week‑ahead report cautioned that th…

Dollar Index Near a Key High

As shown on the Dollar Index (DXY) chart, the strength of the US currency is currently hovering near an important high reached in August. Market sentiment is being influenced by: → the ongoing government shutdown, which has already become the longest in history; → traders’ assessment of last week’s developments, including the Fed’s interest rate […] The post Dollar Index Near a Key High appeared first on Action Forex.

XAU/USD steady near it recent lows

XAU/USD Current price: $3,962.50 The US Dollar remains firm as investors continue diggesting Fed’s announement. The Reserve Bank of Australia kept rates on hold following the November meeting. XAU/USD under modest selling pressure, scope to extend its slide. Spot Gold trades with a soft on Tuesday, currently hovering around $3,965 a troy ounce. The bright metal seems unable to attract speculative interest, despite the dominant cautious mood, wi…

Dollar holds firm as Fed officials strike cautious tone - London Business News

The dollar index held steady on Tuesday, consolidating near three-month highs as cautious remarks from Federal Reserve officials lent the greenback support, even after manufacturing data pointed to renewed economic… The post Dollar holds firm as Fed officials strike cautious tone appeared first on London Business News

US Dollar Index rises to near 100.00 due to cautious Fed policy outlook

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fifth consecutive session and trading around 99.90 during the Asian hours on Tuesday.