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US Dollar Flat: Investors Await Key Inflation Report
The Dollar Index retreats after a four-week climb as investors engage in profit-taking ahead of key inflation data, influenced by positive economic indicators hinting at a potential delay in the Federal Reserve’s easing policy. The US economic calendar is packed with impactful events, including retail sales and speeches from Federal Reserve officials, while gold prices experience a modest pullback due to technical correction and profit-taking. Oil prices remain volatile due to Middle East tensions and US refinery challenges. Despite rising US Treasury yields, the US equity market, led by tech stocks like Nvidia, ... (full story)
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- Posted: Feb 12, 2024 12:04am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,418
