USD PRICE OUTLOOK: US DOLLAR SET FOR VOLATILITY WITH NFP REPORT & FOMC DECISION DUE
- The US Dollar has succumbed to an inflow of danger urge for food pushed by hopes for a partial US-China commerce deal, however one other strong nonfarm payrolls (NFP) report might ship the Buck greater
- USD worth motion has swooned up to now this month and pushed the DXY Index under its 200-DMA with the US Greenback edging decrease during the last 5 consecutive buying and selling periods
- Learn extra on why merchants ought to Expect US Jobs Data to Spark Volatility
Currency volatility continues to indicate indicators of trickling its method again into the foreign exchange market. Anticipated USD worth motion stays slowed down, nevertheless, as measures of volatility start to churn greater from record low levels.
Suppressed readings of US Greenback implied volatility, which have typically mirrored the flood of investor danger urge for food in response to US-China commerce deal optimism, can partly clarify current draw back in USD costs and broader DXY Index.