Kerrisdale
2022-06-16
Just want to share how much the US dollar index has peaked.
@Tiger_Earnings @TigerObserver @CaptainTiger

This is a rare phenomena. I think opportunities in Forex are a plenty. Good luck to all who do Forex !

From the source: Tradingeconomics.com
'The dollar index steadied near the 105 mark on Thursday after retreating from 20-year highs in the previous session, as the Federal Reserve implemented a large but widely expected interest rate hike. The Fed delivered a 75 basis point rate increase on Wednesday, the largest since 1994, as the central bank seeks to combat surging inflation. Fed Chair Jerome Powell also said that a 50 or 75 basis point increase “seems most likely” at the next meeting in July, but does not expect moves of such scale to be common. The sharp increase in rates came after the CPI report released last week showed US inflation surged unexpectedly to a more than four-decade high of 8.6% in May. Risk assets rallied in relief as the markets were very prepared for the Fed’s aggressive move, putting some pressure on the dollar and Treasury yields.'

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Comments

  • DonnaMay
    2022-06-18
    DonnaMay
    I hope they don't raise rates by 75 basis points next time.
  • MortimerDodd
    2022-06-18
    MortimerDodd
    The dollar index looks to have plenty of room to rise.
  • BurnellStella
    2022-06-18
    BurnellStella
    The inflation problem cannot be solved simply by raising interest rates.
  • kianweiting
    2022-06-16
    kianweiting
    US dollar has gone parabolic which can also mean a peak n
    may be near.
  • LouisLowell
    2022-06-18
    LouisLowell
    Powell is in a quandary
  • PandoraHaggai
    2022-06-18
    PandoraHaggai
    A 75 basis point rise sounds terrible.
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