The Dollar Index (DXY) is trading flat near 105.035 as markets await Fed Chair Powell’s Senate testimony, BBH analysts note.
DXY and EUR trade flat
“DXY is trading flat near 105.035 as markets await Fed Chair Powell’s Senate testimony.”
“The Euro (EUR) is trading flat near $1.0825 while the Pund Sterling (GBP) is trading higher near $1.2812. USD/JPY is trading higher near 161 even as the BOJ prepares to cut its bond-buying.”
“Recent softness in the data is challenging our view that the backdrop of persistent inflation and robust growth in the U.S. remains largely in place. However, we note that weaker data in many of the major economies underscore the fact that the relative story should continue to support the dollar.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Related Articles
Bank of Japan Interest Rate Decision Preview: Pause on Rate Hikes Already Priced In, Minimal Market Movement Expected on the Day
On 19 March 2025, the Bank of Japan (BoJ) will announce its March interest rate decision. The market widely expects the central bank to maintain its policy rate unchanged at 0.5%. We align with this consensus forecast.TradingKey
2 hours ago
[IN-DEPTH ANALYSIS] Coinbase: The Next Chapter of Crypto from Trading to Consumer Apps
Our valuation estimates its intrinsic worth at $75–$87 billion, suggesting meaningful upside potential from its current market cap of $50 billion. While risks such as regulatory uncertainty and crypto market volatility remain, Coinbase’s diversified revenue streams and strong execution capabilitiesTradingKey
2 hours ago
[IN-DEPTH ANALYSIS] Walmart (WMT): When a Strong Business Model Faces Economic Challenges
With growth further moderating and too many headwinds hitting the margins we would likely see stagnant to negative growth in earnings, which makes the current share price of $85.00 less attractive.TradingKey
4 hours ago
