Dollar Index Softer Post-ISM Services Miss, but Dollar Bulls Hold Firm The DXY dollar index experienced a slight pullback following the weaker-than-expected ISM Services report, which heightened expectations for a December 18 Federal Reserve rate cut. The data underscored the Fed’s ongoing easing cycle, with US yields falling as markets digested the softer print. Despite … Read more
Key Data Points for USD Sentiment: ADP and ISM in Focus This week, the USD’s trajectory is firmly tied to critical employment and economic data, with the ADP National Employment Report and ISM Non-Manufacturing PMI providing clear signals for the Federal Reserve’s next moves. Both reports hold the potential to influence expectations around a December … Read more
US JOLTS Data: A Near Term Test for the USD The US labor market takes center stage again with the release of October’s JOLTS Job Openings data at 1500 today, offering key insights into the Federal Reserve’s next policy steps. After last week’s subdued action driven by month-end flows and the Thanksgiving holiday, the USD … Read more
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