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US Dollar flattens after disappointing Nvidia earnings, dovish Fedspeak

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Macroeconomics,Unitedstates,SEO

The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.

The US Dollar flattens on Thursday after Fed’s Williams said he sees inflation cooling and interest rates falling. Investors will look at Jobless Claims data and further comments from Fed officials. The US Dollar Index trades flat around 106.50, still looking for support to bounce off from. The US Dollar is trading flat on Thursday at around 106.

The US 10-year benchmark rate trades at 4.40%, sliding further away from the high printed on Friday at 4.50%. US Dollar Index Technical Analysis: Risks at hand The US Dollar Index is supported by the constant safe-haven inflow on the geopolitical tensions escalating between Russia and Ukraine. Traders should keep in mind that if the recent escalation eases and both parties head into any kind of ceasefire talks, the Greenback could retreat.

 

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