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The post US Dollar Index: Range-bound outlook with fiscal risks – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar index (DXY) is consolidating near its 200-day moving average and is expected to stay within the 96.00-100.00 range. The firm highlights a supportive US macro backdrop for USD, but warns that rising Treasury yields and strained fiscal credibility pose a headwind. Markets fully price one 25bps Fed hike over the next year. Dollar supported but capped by fiscal strain “The dollar index (DXY) is consolidating recent gains near resistance at its 200-day moving average. The US macro backdrop (high inflation, stable labor demand) argues for the Fed to stay restrictive for longer which is USD supportive. The swaps curve virtually fully prices a 25bps Fed funds rate hike in the next 12 months.” “In parallel, US fiscal credibility is increasingly under strain as 10-year Treasury yields move closer to the roughly 5.3% pace of nomin
Read full articleBitcoin's resilience amid inflation-driven market turmoil highlights its potential as a hedge, attracting institutional interest and ETF flows. The post Bitcoin holds above $80,000 as stocks sink and Treasury yields climb on hot inflation data appeared first on Crypto Briefing.
The post Japanese Yen rallies amid strong US data and rising yields appeared on BitcoinEthereumNews.com. The USD/JPY pair advances toward the 158.30 region on Friday, reaching its highest level in nearly two weeks as the United States (US) Dollar (USD) strengthens following resilient US economic data and rising Treasury yields. The latest US Retail Sales report showed consumer spending rose 0.5% in April, reinforcing confidence in the resilience of the US economy despite elevated borrowing costs and persistent inflation pressures. The stronger-than-expected data added to recent gains in the Greenback and supported expectations that the Federal Reserve (Fed) may keep interest rates higher for longer. On another note, White House economic adviser Stephen Miran resigned from his position on the Fed Board, increasing uncertainty surrounding the future direction of US economic policy. Markets interpreted the development as potentially reducing pressure for a more dovish policy approach, hel
The post US Dollar Index climbs to two-week high as Fed rate hike bets intensify appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, climbs to a two-week high on Thursday as traders ramp up expectations that the Federal Reserve (Fed) could keep interest rates elevated for longer following a fresh batch of strong US economic data. At the time of writing, the index is trading around 98.83, extending gains for a third consecutive day. US Retail Sales rose 0.5% month-over-month in April, matching market expectations but slowing from the 1.6% increase recorded in March. Meanwhile, the Retail Sales Control Group, which feeds directly into Gross Domestic Product (GDP) calculations, also rose 0.5% after increasing 0.8% in the previous month. Earlier this week, stronger-than-expected US Consumer Price Index (CPI) and Producer Price Index (PPI) data pushed inflation further away from the Federal Reserve’s (Fed) 2% t
The post Gold Under Pressure As Hotter US Inflation, Rising Treasury Yields Boost Dollar appeared on BitcoinEthereumNews.com. Gold Under Pressure As Hotter US Inflation, Rising Treasury Yields Boost Dollar Skip to content Home Forex News Gold Under Pressure as Hotter US Inflation, Rising Treasury Yields Boost Dollar Source: https://bitcoinworld.co.in/gold-under-pressure-us-inflation-treasury-yields-dollar/
The post Japanese Yen Faces Intervention Doubts And BoJ Rate Hike Risks, BBH Analysts Warn appeared on BitcoinEthereumNews.com. Japanese Yen Faces Intervention Doubts And BoJ Rate Hike Risks, BBH Analysts Warn Skip to content Home Forex News Japanese Yen Faces Intervention Doubts and BoJ Rate Hike Risks, BBH Analysts Warn Source: https://bitcoinworld.co.in/japanese-yen-intervention-doubts-boj-hike-risk-bbh/
The post Japanese Yen: Intervention doubts and BoJ hike risk – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman (BBH) Elias Haddad notes that USD/JPY has rebounded toward 157.75 after testing 155.00, with 160.00 described as a key line in the sand. Haddad says the Bank of Japan’s (BoJ) April Summary of Opinions did not materially shift rate expectations, though it signals a lower bar to hike. Markets still price about 75% odds of a 25 bps BoJ rate increase to 1.00% next month. Yen pressured as BoJ stays cautious “USD/JPY rebounded to 157.75 after testing a two-month low near 155.00 last week, with 160.00 remaining the major line in the sand on the topside. The Bank of Japan (BOJ) Summary of Opinions from the April 27-28 board meeting did not move the needle on rate hike expectations. The swaps market continues to price-in about 75% odds of a 25bps BOJ rate hike to 1.00% next month.” “The April Summary of Opinions reflected the 6 hold-3 hike votes split while signaling a
The post USD/CAD Price Forecast: Prepares for fresh rally above 1.3700 appeared on BitcoinEthereumNews.com. The USD/CAD pair trades 0.12% higher to near 1.3695 during the European trading session on Tuesday. The Loonie pair rises as the US Dollar (USD) outperforms its peers amid fears that the war between the United States (US) and Iran could resume due to the absence of a breakthrough in their negotiations. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.3% higher to near 98.20. On Monday, US President Donald Trump said that the counterproposal delivered by Iran against the one-page peace proposal was a “stupid proposal” and lacked Tehran’s decision on pursuing its nuclear ambitions. Trump added, “Ceasefire is on life support.” Though the Canadian Dollar (CAD) underperforms the US Dollar (USD), the former trades firmly against its other peers as elevated oil prices have improved its appeal. Currencies from economies,
Bitcoin looks set for another blockbuster week, but potential resistance at $84,000 could complicate the rally. Will altcoin consolidation continue?
