Day: January 26, 2024

DXY Index records a loss, unable to consolidate past 200-day SMA

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The US Dollar (USD) Index is presently grappling with losses, trading at 103.35 on the DXY, in response to the release of softer Personal Consumption Expenditures (PCE) data for December, which gave the doves hope of earlier rate cuts. In that sense, market expectations hint at a possible rate cut by the Fed in March. […]

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