CandleFocus US dollar index (DXY) analysis ahead of Fed minutes, PCE data
2024-11-26
Author: Content Editor
The US dollar index (DXY) is wavering ahead of important economic data and Federal Reserve minutes. The recent Fed meeting saw a 0.25% cut in interest rates and a focus on the labor market. Mixed economic data since then, including low job creation and higher than expected inflation, may influence future Fed decisions. Analysts expect a hawkish tone, with rates being held steady in December and potential cuts in 2025. US government bond yields have fallen, and upcoming consumer confidence data and GDP estimates will also impact the US dollar index. The DXY has been in an uptrend and may continue to rebound in the coming days.
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