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: 2024.11.18
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USD: Trump Trade may lose momentum - DBS
Breaking news
USD: Trump Trade may lose momentum - DBS
New
2024.11.18 20:36
2024.11.18 20:36
2024.11.18 20:36
The Dollar Index (DXY) rebounded by 5.9% to 106.7 in the past 1.5 months, following its 4.8% decline to 100.8 in 3Q24, DBS' Senior FX Strategist Philip Wee notes.
Trump Trade may lose momentum
"The 107.3 high in October 2023 will be a significant resistance level, and DXY may correct lower if the Trump Trade loses momentum. The rallies in the S&P 500 Index and Bitcoin stalled around 6k and 90k, respectively, last week."
"The Atlanta Fed GDPNow model projected US GDP growth slowing to 2.5% in 4Q24 from 2.8% in 3Q24. The US Treasury 2Y yield entered a 4.24-4.37% range last week. Since Trump's victory, the futures market has reduced the odds of a December Fed cut to 58% from 80%."
"On November 21, let's see if Fed Governor Michelle Bowman joins her colleague's optimism for inflation to return to the 2% target and rates to decline further towards neutral in 2025. Bowman dissented September's 50 bps cut but supported November's 25 bps cut."
Last updated
: 2024.11.18
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USD/JPY bounces back from 155.00 as BoJ Ueda avoids to provide rate hike timing
The USD/JPY recovers sharply from 155.00 in Monday's North American session after a sharp correction on Friday.
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2024.11.18 22:45USD/CAD: Little chance of rebounding - Scotiabank
The Canadian Dollar (CAD) is little changed to start the week.
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2024.11.18 22:30USD holds bullish undertone - Scotiabank
The US Dollar (USD) is consolidating in quieter trade at the start of the week.
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2024.11.18 22:27US Dollar flat as geopolitical takes centre stage
The US Dollar (USD) consolidates on Monday after a very calm start of the week in the Asian session, with the US Dollar Index (DXY), which gauges the Greenback's value against six major currencies, slightly in the red near a fresh year-to-date high reached last Thursday above 106.50.
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2024.11.18 21:39AUD seems oversold below 0.65 - DBS
AUD/USD appears oversold below 0.65 relative to where Asian currencies and commodity prices are, DBS' Senior FX Strategist Philip Wee notes.
New
2024.11.18 20:58BoE speakers to speak on November 19 on monetary policy - DBS
GBP/USD has a trendline support level of around 1.2570, DBS' Senior FX Strategist Philip Wee notes.
New
2024.11.18 20:41USD: Trump Trade may lose momentum - DBS
The Dollar Index (DXY) rebounded by 5.9% to 106.7 in the past 1.5 months, following its 4.8% decline to 100.8 in 3Q24, DBS' Senior FX Strategist Philip Wee notes.
New
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2024.11.18 20:29USD/CAD clings to gains near 1.4100 as Canadian inflation data takes center stage
USD/CAD stays firm near 1.4100 as the US Dollar performs strongly across the board.
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2024.11.18 20:26Disclaimer:
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