this week<\/a> but they may not have much impact on markets or the USD in the wake of the Fed decision. Friday\u2019s core PCE data is expected to show a 0.2% increase over the month, nudging the Y\/Y pace up slightly. With the Fed\u2019s (excluding Bowman, perhaps) attention shifting from prices to jobs, that may not mean much for the USD. There are a number of Fed speakers on the calendar this week, including Chair Powell.\u201d<\/p>\n\u201cKashkari said he backed the 50bps rate cut and projects a further 50bps in cuts this year. Some consolidation in the USD is possible in the short run after the index failed to push decisively below the 100.5 support area but scope for gains in the DXY is likely limited to the upper 101 area on charts. DXY gains above 102 would, however, suggest a little more strength may emerge.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The US Dollar (USD) is firmer overall on the session but has nudged off its earlier highs against its major currency peers, Scotiabank\u2019s Chief FX Strategist Shaun Osborne notes. DXY consolidation may extend \u201cWeak Eurozone data dragged on the EUR in European trading, giving the USD a broader lift but the DXY is still trading […]<\/p>\n","protected":false},"author":2,"featured_media":40797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,459,366,255,388,250,252,247,253,249,308,256,254],"class_list":["post-354176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-fed","tag-gta","tag-inflation","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=354176"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354176\/revisions"}],"predecessor-version":[{"id":354181,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354176\/revisions\/354181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/40797"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=354176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=354176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=354176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}