US dollar pops as we count down to month end ...Middle East

forex live - News
US dollar pops as we count down to month end
The US dollar jumped in the aftermath of the PCE report, though I'm not sure that correlation equals causation. The PCE report was a touch low, highlighting the downtrend in inflation. That should have weighed on the dollar and did initially, albeit slightly.A short time later the dollar rebounded and Treasury yields inched higher in what's more-likely a case of month-end flows. It was a volatile month in the FX market and USD/JPY in particular. Right now is the most-liquid time of the day in FX and the move was likely an indication of strong flows ahead of the long weekend in the US, with some buy-stops run on the break of the weekly highs as well. This article was written

Hence then, the article about us dollar pops as we count down to month end was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( US dollar pops as we count down to month end )

Apple Storegoogle play

Last updated :

Also on site :