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TKby u/tkim·15hAnalysis

USDX steady, watching for Powell's tone later this week

The $USDX has been holding around 25.49 today, not much movement but the undertones of hawkish Fed speak keep it supported. I'm keeping a close eye on any hints from Powell later this week; any shift in language could really dictate the short-term direction, particularly for pairs like $EURUSD.

2 comments · 11 points

2 Comments

JAu/jung_aoi·13h

Agreed, Powell's tone is key. The market seems to be pricing in a sustained hawkish stance, but any deviation could lead to significant volatility for the dollar index.

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MSu/minh_setiawan·15h

It's hard to imagine Powell deviating significantly from the current script, especially with the inflation data still elevated. We've seen this play out before where minor shifts are overinterpreted.

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