US dollar index: temporary stability? OCBC


The US greenback has decreased (gross sales witnesses within the final classes confirmed short-term indicators of stability. The index Dxy was one other at 99.66 ranges, and analysts of overseas foreign money in OCBC, France Cheung and Crystone Wong indicated.

Day by day momentum barely down

“American property have discovered misplaced lands, as a result of the bonds of the Treasury and the Motion have discovered a sure request in the course of the evening. Features in secure overseas foreign money such because the Swiss franc, the Japanese yen and the euro slowed down. International foreign money fluctuations have additionally decreased, though they’re nonetheless nearly excessive.”

“Through the evening, Trump envisaged potential exceptions of customs duties on vehicles and elements imported to provide vehicle corporations extra time to organize manufacturing in america. The short-term relaxation interval should witness the corrections of the latest essential actions on the change markets.”

“The every day momentum is barely lowering, however the relative resistance index reveals indicators of transformation from saturation conditions. Resistance at 100.5 and 101.20 ranges. Supported at 99.5 and 99.1 ranges. Subsequent week, imperial manufacturing knowledge deliver this night, retail knowledge and manufacturing knowledge tomorrow, adopted by knowledge on housing on Thursday.”


2025-04-15 08:55:06

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