The U.S. Dollar Index (DXY) is undergoing a downward correction after hitting the 110.00 level, reflecting a shift in market sentiment and inflation expectations.
Future movements of the dollar will depend on the upcoming Consumer Price Index release, with expectations ranging from 0.2% to 0.5%.
A CPI reading below 0.2% could shock markets, driving the dollar down, while a reading above 0.3% could support a bullish trend.
The uncertainty surrounding Trump's economic policies and the lack of clarity increase the markets' sensitivity to economic data, especially the CPI.
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