US Greenback (USD) fell on softer than anticipated CPI. This places deal with PPI information tonight (8:30pm) earlier than the lead as much as FOMC subsequent week. DXY was final at 98.40 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong word.
Each day momentum is just not exhibiting a transparent bias
“Within the occasion of a better print, we might effectively see the in a single day transfer reverse. However additional draw back information shock (which can’t be dominated out on condition that the final PPI print was damaging) might even see DXY break beneath 2025 low.”
“Each day momentum is just not exhibiting a transparent bias whereas RSI fell. Assist at 97.90 (2025 low). Resistance at 99.40 (21 DMA), 99.90 ranges (50 DMA).”
