The US dollar has benefitted from cooling Fed cut expectations and robust economic data. The greenback’s rise appears likely to continue in a data heavy week
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US Dollar Forecast: USD at the Mercy of the Fed, BoE and NFP Ahead
access_timeDecember 27, 2024
Latest:
- PBOC sets USD/ CNY reference rate for today at 7.1893 (vs. estimate at 7.2981)
- Japan inflation data and BoJ December summary raise expectations of a January rate hike
- PBOC is expected to set the USD/CNY reference rate at 7.2981 – Reuters estimate
- BoJ December 2024 Summary of Opinions – ‘Gradual increase in CPI’
- Economic calendar in Asia 27 December 2024 – Japan (Tokyo) inflation, BOJ meeting Summary
- AUDEUSD skims along near th e low for the year.
- EURUSD trades to new highs and back above the 50% midpoint on the daily chart
- GBPUSD stays below the 100 hour MA today. Bears stay in control.
- The USDJPY is testing the high from last week
- Bitcoin price prediction – to cross up $100k
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