US Dollar Index (DXY) News: Bullish Momentum as Treasury Yields Surge on Strong Retail Data
==========
The US Dollar Index (DXY) surged as 10-year Treasury yields rose to 3.909% on the back of stronger-than-expected retail sales. Retail sales jumped 1% in July, beating forecasts and calming fears of an economic slowdown. The surge in Treasury yields and robust consumer spending alleviated concerns of a recession and boosted the strength of the US Dollar. Lower-than-expected initial jobless claims further drove the US Dollar higher. Inflation stabilized with July CPI at 2.9% annually, reinforcing the Federal Reserve's successful price control efforts. The combination of strong retail sales, stable inflation, and rising Treasury yields points to continued strength in the US Dollar in the short term.
#UsDollarIndex #Dxy #TreasuryYields #RetailData #Inflation #FederalReserve
https://www.fxempire.com/forecasts/article/us-dollar-index-dxy-news-bullish-momentum-as-treasury-yields-surge-on-strong-retail-data-1454044
FX Empire /
npub1lj…9zjdc
2024-08-15 14:29:28
Author Public Key
npub1ljmz9hjq6kkwm5ltqfc6dpw9ytalhtnf7sgp4r75dqvtsq2wz9sqp9zjdcSeen on
wss://relay.damus.ioPublished at
2024-08-15 14:29:28Event JSON
{
"id": "353669d5842dfc3fe2a139a586524f32ae618395dc7ee083bc6883973c0518fd",
"pubkey": "fcb622de40d5acedd3eb0271a685c522fbfbae69f4101a8fd46818b8014e1160",
"created_at": 1723732168,
"kind": 1,
"tags": [],
"content": "US Dollar Index (DXY) News: Bullish Momentum as Treasury Yields Surge on Strong Retail Data\n==========\n\nThe US Dollar Index (DXY) surged as 10-year Treasury yields rose to 3.909% on the back of stronger-than-expected retail sales. Retail sales jumped 1% in July, beating forecasts and calming fears of an economic slowdown. The surge in Treasury yields and robust consumer spending alleviated concerns of a recession and boosted the strength of the US Dollar. Lower-than-expected initial jobless claims further drove the US Dollar higher. Inflation stabilized with July CPI at 2.9% annually, reinforcing the Federal Reserve's successful price control efforts. The combination of strong retail sales, stable inflation, and rising Treasury yields points to continued strength in the US Dollar in the short term.\n\n#UsDollarIndex #Dxy #TreasuryYields #RetailData #Inflation #FederalReserve\n\nhttps://www.fxempire.com/forecasts/article/us-dollar-index-dxy-news-bullish-momentum-as-treasury-yields-surge-on-strong-retail-data-1454044",
"sig": "edc5af315b1d7d09fd95ddb588d3cad08b743cd307ea86be60047f8e98cc6ea2cc4a2c2ff6a59bbc47bcfee1ea1ae062b3ed1a00f44ecfc02e3a7427ae676dbc"
}