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Week Ahead: DXY at Annual Highs After Hawkish Powell Commentary

by Joel Frank
29 August 2022
in Opening of the Week
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Last Friday’s hawkish tone from Fed Chair Jerome Powell, who signalled that US interest rates will stay higher for longer to tackle inflation, jolted markets. The DXY is hovering near multi-decade highs in the 108-109 area ahead of a busy week for US data.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:30 US DOLLAR INDEX

0:56 EUR/USD

1:06 USD/JPY

1:13 GBP/USD

1:24 S&P500

1:43 CRUDE OIL

Tags: Crude oilEconomic DataEURUSDGBPUSDPMIUS DOLLAR INDEXUSA500USDJPY
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