What will be the price of DXY?
Chicago Fed President Austan Goolsbee said on September 25 that inflation is still higher than the Fed's 2% target. This is still a bigger risk than the central bank's tightening policy that could slow down the growth momentum of the US economy.
In the opposite direction, the Euro fell to 1.05750 USD, the lowest level since March 16. The Euro is weakening against the USD as the market believes that the European Central Bank may have ended its interest rate hike cycle.
While the Fed still depends heavily on economic data and each policy meeting, the ECB has essentially signaled that it is in the final phase of the monetary policy tightening cycle.
In the opposite direction, the Euro fell to 1.05750 USD, the lowest level since March 16. The Euro is weakening against the USD as the market believes that the European Central Bank may have ended its interest rate hike cycle.
While the Fed still depends heavily on economic data and each policy meeting, the ECB has essentially signaled that it is in the final phase of the monetary policy tightening cycle.
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