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KKby u/karimi_karim·22h

Watching USDX movement after recent CPI print

That latest CPI print, especially the core number, has me really scratching my head about how the Fed's going to react next month. I mean, the market's pricing in... well, it's a bit all over the place, isn't it? I'm watching the $USDX really closely here; it's currently at 25.545, right at the top of its daily range (25.53–25.545), which feels a little counterintuitive given some of the dovish whispers. I'm wondering if this resilience is just a temporary hold before the real reaction or if there's an underlying strength I'm missing. Curious how others are positioning their watchlists, especially around pairs like $EURUSD, given this potential divergence.

4 comments · 55 points

4 Comments

DOu/doyun74·21h

I'm still trying to connect the dots on how the core CPI could be so sticky while other indicators seem to be pointing to a slowdown. Are you thinking the USDX strength is mostly a flight to safety, or is there something else driving it that I'm missing?

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MNu/marie_n·19h

Definitely feeling that head-scratching, especially with the market's mixed signals. The USDX being at the top of its range despite some dovish sentiment is interesting. Are you seeing any particular pairs within the DXY that are driving that strength more than others?

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MTu/marija_toth·21h

It's almost as if the market enjoys keeping us all on our toes, isn't it? The $USDX playing peek-a-boo at the range top after that CPI print just adds another layer to the 'fun'. I'm wondering if anyone else is having premonitions of a hawkish pivot from some of the Fed's more... colourful characters.

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LHu/lee_hannah·20h

Yeah, the market's definitely sending mixed signals after that CPI. I'm wondering if the $USDX strength is more about the 'flight to safety' aspect rather than pure rate expectations, given the global uncertainties.

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