DXY trading strategy when USD increases in price
Adam Button, Chief Currency Analyst at ForexLive in Toronto (Canada), said: “The story of September was the spike in Treasury yields and the spillover impact on currency markets. Previously, the market had expected economic data to worsen but that was not the case."
Minneapolis Fed President Neel Kashkari said on September 26 that there is a 40% chance that the Fed will need to raise interest rates further to completely address inflation.
Data released on July 26 showed that sales of new single-family homes in the United States fell more than expected in August, but the annual pace of US home price growth continued to increase for a second month. consecutive months in July. Meanwhile, US consumer confidence also decreased for the second consecutive month in September, amid concerns about rising prices.
In the opposite direction, the Euro decreased 0.23%, down to 1.0567 USD, the lowest level since March 16.
Minneapolis Fed President Neel Kashkari said on September 26 that there is a 40% chance that the Fed will need to raise interest rates further to completely address inflation.
Data released on July 26 showed that sales of new single-family homes in the United States fell more than expected in August, but the annual pace of US home price growth continued to increase for a second month. consecutive months in July. Meanwhile, US consumer confidence also decreased for the second consecutive month in September, amid concerns about rising prices.
In the opposite direction, the Euro decreased 0.23%, down to 1.0567 USD, the lowest level since March 16.
