U.S. Dollar Climbs As Rate Cut Hopes Fade After Inflation Data
12 3월 2024 - 10:26PM
RTTF2
The U.S. dollar was higher against its major counterparts in the
New York session on Tuesday, after a data showed that consumer
inflation increased in line with economist estimates in February,
denting prospects of imminent rate cuts from the Federal
Reserve.
Data from the Labor Department showed that the consumer price
index climbed by 0.4 percent in February after rising by 0.3
percent in January. The advance matched expectations.
Excluding food and energy prices, core consumer prices also rose
by 0.4 percent in February, matching the increase seen in January.
Economists had expected core prices to rise by 0.3 percent.
The report also said the annual rate of consumer price growth
ticked up to 3.2 percent in February from 3.1 percent in January.
The year-over-year growth was expected to be unchanged.
Meanwhile, the annual rate of core consumer price growth slowed
to 3.8 percent in February from 3.9 percent in January. Economists
had expected the pace of growth to decelerate to 3.7 percent.
The probability of a rate cut in June has dropped to 58.9
percent from 71.4 percent prior to the data.
The greenback firmed to 5-day highs of 1.0902 against the euro
and 1.2744 against the pound, from yesterday's closing values of
1.0925 and 1.2813, respectively. The greenback is likely to find
resistance around 1.07 against the euro and 1.25 against the
pound.
The greenback appreciated to 0.8794 against the franc, reversing
from a 4-day low of 0.8746 seen at 8:40 am ET. The pair had closed
Monday's deals at 0.8774. If the greenback rises further, it is
likely to test resistance around the 0.90 region.
The greenback remained higher against the yen, at a 5-day high
of 148.16. At yesterday's trading close, the pair was quoted at
146.93. The currency is likely to locate resistance around the
151.00 level.
The greenback moved up to a 5-day high of 0.6584 against the
aussie, from a 4-day low of 0.6638 hit at 8:30 am ET. The pair had
finished yesterday's trading session at 0.6613. Next near term
resistance for the greenback is likely seen around the 0.64
level.
The greenback advanced to a 5-day high of 0.6135 against the
kiwi, from a 4-day low of 0.6184 seen at 8:30 am ET. The pair was
worth 0.6170 at yesterday's close. Should the greenback continues
its uptrend, 0.60 is possibly seen as its next resistance
level.
The greenback climbed to a 5-day high of 1.3525 against loonie,
up from a 4-day low of 1.3466 hit at 6:30 am ET. At Monday's close,
the pair was valued at 1.3482. Immediate resistance for the
currency is seen around the 1.37 level.
Euro vs US Dollar (FX:EURUSD)
외환 차트
부터 4월(4) 2024 으로 5월(5) 2024
Euro vs US Dollar (FX:EURUSD)
외환 차트
부터 5월(5) 2023 으로 5월(5) 2024