2024-09-25 22:29

IndustryForex Today: All the looks will be on PMI reports
The US Dollar regained strong upside traction and maintained the price action in the risk complex depressed amidst interest rate cuts speculation and soft US data releases. In addition, the BoE and the Norges Bank kept their policy rates unchanged vs. a surprising cut by the SNB. Here is what you need to know on Friday, June 21: The USD Index (DXY) rose to four-day highs near 105.70 on the back of the rebound in US yields across the curve and the dominating risk-off mood in the FX galaxy. On June 21, the advanced S&P Global Manufacturing and Services PMI will take centre stage seconded by the CB Leading Index and Existing Home Sales.
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Forex Today: All the looks will be on PMI reports
| 2024-09-25 22:29
The US Dollar regained strong upside traction and maintained the price action in the risk complex depressed amidst interest rate cuts speculation and soft US data releases. In addition, the BoE and the Norges Bank kept their policy rates unchanged vs. a surprising cut by the SNB. Here is what you need to know on Friday, June 21: The USD Index (DXY) rose to four-day highs near 105.70 on the back of the rebound in US yields across the curve and the dominating risk-off mood in the FX galaxy. On June 21, the advanced S&P Global Manufacturing and Services PMI will take centre stage seconded by the CB Leading Index and Existing Home Sales.
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