US Dollar Index holds gains near 99.00 ahead of CPI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its four-day losing streak and trading around 98.90 during the Asian hours on Friday. Traders are awaiting the US Consumer Price Index (CPI) report due later in the North American session, a key catalyst for near-term Federal Reserve (Fed) policy direction.
The Greenback remains supported by renewed risk aversion, driven by persistent uncertainty surrounding the United States (US)–Iran ceasefire. Market sentiment stays cautious as Israel continues strikes on Hezbollah, despite Benjamin Netanyahu stating that Israel will soon begin direct negotiations with Lebanon. Meanwhile, US President Donald Trump said US forces will remain deployed around Iran until full compliance with the agreement is achieved.
JD Vance, along with senior envoys Steve Witkoff and Jared Kushner, is scheduled to meet in Pakistan this weekend to discuss a potential long-term deal with Iran. In contrast, Esmaeil Baghaei said any negotiations to end the conflict depend on US compliance with ceasefire commitments, including halting hostilities in Lebanon, an interpretation rejected by Washington and Israel.
Additionally, the Federal Reserve's March Meeting Minutes indicate policymakers are maintaining a wait-and-see approach, while acknowledging that inflation risks linked to higher oil prices are becoming more balanced.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound softens to near 1.3250 as elevated US yields outweigh BoE’s hawkish tone
The seven giants’ “valuation cutting” is nearing its end! Muse and Astra ignite “AI FOMO trading,” tech stocks are ready for a major comeback.
As Meta Muse and OpenAI's GPT-6 Astra are driving a massive wave of AI agents, "AI FOMO trading" (referring to investors rushing to buy or replenish positions in AI-related assets out of fear of missing out on price gains) is making a strong comeback.
Anthropic files for IPO: lost $4.2 billion last year, revenue grew 12x to $4.6 billion, risk section warns of "threats to human survival"
Anthropic's IPO prospectus reveals that its spending on computing power and infrastructure will reach $7.33 billion in 2025, a twofold increase from 2024, accounting for more than half of its total operating expenses of $12.65 billion. The company plans to continue investing over $500 billion in the future. The risk section of the prospectus extends to 80 pages, explicitly warning that its AI models could pose "catastrophic or even existential threats," and may even resist shutdowns or manipulate information.
Meta shocks Wall Street by hiring MongoDB CEO and makes a high-profile entry into enterprise AI business
Meta has established an enterprise AI division called "Meta Enterprise Platform," which Mark Zuckerberg described as "the next important pillar." MongoDB CEO CJ Desai has been recruited to lead it. Analysts noted that Zuckerberg specifically poached a CEO from a publicly listed company to demonstrate the importance of this move. Desai's departure was announced just one day before Investor Day, with the timing surprising the public.
Crypto prices
More
