- The U.S. dollar index could struggle as the Fed looks more likely to cut interest rates twice this year.
- U.S. retail sales in December rose 0.4% from the previous month, falling short of market expectations of a 0.6% increase.
- US Treasury yields are expected to fall by more than 3% in a week.
The US Dollar Index (DXY), which tracks the performance of the US dollar (USD) against six major currencies, ended a four-day losing streak and was trading around 109.10 in Asian time on Friday. However, the dollar faced challenges as weak US retail sales and underlying inflation data raised market expectations that the Fed would cut interest rates twice this year.
U.S. retail sales in December increased 0.4% month over month to $729.2 billion. This figure was weaker than the 0.6% rise expected by the market and lower than the previous 0.8% rise (revised from 0.7%).
The U.S. core consumer price index (CPI), which excludes volatile food and energy prices, rose 3.2% year over year in December, slightly below the previous month's 3.3% rise and market expectations for a 3.3% rise. Ta. On a monthly basis, core CPI increased by 0.2%, compared to 0.3% in the previous month.
Increasing dovish sentiment around the Federal Reserve has pushed Treasury yields lower, with two-year and 10-year bonds currently at 4.23% and 4.60%, respectively. Both yields are expected to fall more than 3% in the week.
Chicago Fed President Austan Goolsby said Thursday that he has become increasingly confident over the past few months that the job market is stabilizing near full employment rather than worsening further, Reuters reported. said.
(This story was corrected at 07:45 GMT, January 17, to say in the first paragraph: “Weaker US retail sales and underlying inflation data lift market expectations.”) (It's not a sustained inflation.)
USD price today
The table below shows the percentage change of the US dollar (USD) against major currencies today. The US dollar was the strongest against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.09% | 0.16% | 0.26% | 0.06% | 0.17% | 0.32% | 0.08% | |
| EUR | -0.09% | 0.07% | 0.21% | -0.03% | 0.07% | 0.24% | -0.01% | |
| GBP | -0.16% | -0.07% | 0.11% | -0.10% | 0.00% | 0.16% | -0.08% | |
| JPY | -0.26% | -0.21% | -0.11% | -0.20% | -0.10% | 0.05% | -0.20% | |
| CAD | -0.06% | 0.03% | 0.10% | 0.20% | 0.10% | 0.26% | -0.00% | |
| australian dollar | -0.17% | -0.07% | -0.01% | 0.10% | -0.10% | 0.16% | -0.09% | |
| new zealand dollar | -0.32% | -0.24% | -0.16% | -0.05% | -0.26% | -0.16% | -0.25% | |
| swiss franc | -0.08% | 0.01% | 0.08% | 0.20% | 0.00% | 0.09% | 0.25% |
The heat map shows the percentage change between major currencies. The base currency is selected from the left column and the quote currency is selected from the top row. For example, if you select USD from the left column and move along the horizontal line to Japanese Yen, the percentage change displayed in the box represents USD (base)/JPY (estimate).
