El índice USD permanece bajo presión por debajo de la marca de 102.00

El índice USD permanece bajo presión por debajo de la marca de 102.00

Nodo de origen: 1914771
  • The index starts the trading week on the defensive.
  • The risk-on mood dominates the global markets on Monday.
  • The CB Leading Index, short-term auctions next in the docket.

El dólar, en términos de Índice USD (DXY), adds to the ongoing weakness and extends the breach of the key 102.00 support on Monday.

USD Index navigates in multi-month lows

The index retreats for the third session in a row and trades in levels last seen back in early June 2022 amidst favourable Apetito por el riesgo tendencias.

Indeed, the dollar loses further ground ahead of the opening bell in the old continent, while market participants continue to gauge the likelihood of further interest rate hikes by the Federal Reserve against a potential pivot in its monetary stance.

In the US docket, the CB Leading Index will be the sole release of note along with a 3-month/6-month bill auctions

Qué buscar alrededor de USD

The dollar’s price action remains subdued in the lower end of the recent range below the 102.00 mark at the beginning of the week.

The idea of a probable pivot in the Fed’s policy continues to weigh on the greenback and keeps the price action around the DXY depressed. This view, however, also comes in contrast to the hawkish message from the latest FOMC Minutes and recent comments from fed’s rate-setters, all pointing to the need to advance to a more restrictive stance and stay there for longer, at the time when tasas de interés are seen climbing above the 5.0% mark.

En este último, el mercado laboral ajustado y la resistencia de la economía también se ven como un apoyo al mensaje firme de la Reserva Federal y la continuación de su ciclo de alzas.

Eventos clave en los EE. UU. esta semana: CB Leading Index (Monday) – Flash Manufacturing/Services PMIs (Tuesday) – MBA Mortgage Applications (Wednesday) – Durable Goods Orders, Advanced Q4 GDP Growth Rate, Chicago Fed National Activity Index, Initial Jobless Claims, New Home Sales (Thursday) – PCE, Core PCE, Personal Income, Personal Spending, Pending Home Sales, Final Michigan Consumer Sentiment (Friday).

Problemas importantes en la caldera trasera.: Creciente convicción de un aterrizaje suave de la economía estadounidense. Perspectivas de subidas de tipos adicionales por parte de la Reserva Federal frente a la especulación de una recesión en los próximos meses. El pivote de la Fed. Efervescencia geopolítica vs. Rusia y China. Conflicto comercial entre Estados Unidos y China.

Niveles relevantes del índice USD

Now, the index is down 0.16% at 101.82 and the breakdown of 101.52 (monthly low January 18) would open the door to 101.29 (monthly low May 30) and finally 100.00 (psychological level). On the upside, the next barrier emerges at the weekly high at 102.89 (January 18) followed by 105.63 (monthly high January 6) and then 106.45 (200-day SMA).

Sello de tiempo:

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