Dollar's Fate Hangs in the Balance of Macro Events
The macro events that are scheduled to take place between September 6-8, 2023 could have a significant impact on the volatility of the DXY. On September 7, the US Federal Reserve is scheduled to release the minutes of its latest meeting. This could provide investors with clues about the future direction of US interest rates, which could in turn affect the value of the dollar. Additionally, on September 8, the European Central Bank is scheduled to release its latest economic projections. This could also have an impact on the value of the euro, which could in turn affect the DXY.
From a technical standpoint the sentiment has not change as the dollar has gained more strength throughout the week. How do you interpret the recent price action of the dollar index ?
From a technical standpoint the sentiment has not change as the dollar has gained more strength throughout the week. How do you interpret the recent price action of the dollar index ?
