U.S. Dollar Strengthens As Trump Leads In Polls
21 Ottobre 2024 - 3:24PM
RTTF2
The U.S. dollar firmed against its major counterparts in the New
York session on Monday, amid rising odds of former President Donald
Trump winning the November election.
Recent polls indicated Trump leading US Vice President and
Democratic candidate Kamala Harris in key battleground states.
Expectations that the Federal Reserve will deliver smaller rate
cuts also boosted the dollar.
Dallas Fed President Logan said that she supported gradual rate
cuts to help manage the risks and accomplish the goals.
On the economic front, flash PMI numbers on the U.S.
manufacturing and the services sectors, durable goods orders,
housing market data, the Federal Reserve's Beige Book on regional
economic activity and speeches by several Fed officials may
influence investor sentiment.
The greenback touched 1.2978 against the pound, setting a 4-day
high. If the greenback rises further, it is likely to test
resistance around the 1.26 region.
The greenback rose to a 4-day high of 1.0819 against the euro
and a 2-1/2-month high of 150.49 against the yen, from an early
4-day low of 1.0871 and a 5-day low of 149.08, respectively. The
currency is poised to challenge resistance around 1.06 against the
euro and 152.00 against the yen.
The greenback recovered to 0.8660 against the franc, from an
early 4-day low of 0.8633. The currency is likely to locate
resistance around the 0.90 level.
The greenback advanced to 1.3849 against the loonie, its highest
level since August 6. Immediate resistance for the currency is seen
around the 1.40 level.
The greenback firmed to near a 6-week high of 0.6654 against the
aussie and more than a 2-month high of 0.6028 against the kiwi,
from an early 6-day low of 0.6723 and a 5-day low of 0.6084,
respectively. The next possible resistance for the greenback is
seen around 0.64 against the aussie and 0.58 against the kiwi.
Grafico Cross Sterling vs US Dollar (FX:GBPUSD)
Da Nov 2024 a Dic 2024
Grafico Cross Sterling vs US Dollar (FX:GBPUSD)
Da Dic 2023 a Dic 2024
