Story perspectives
US Dollar Index Stalls Ahead of Key Inflation Reports
1/15/2025
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Story summary
- The US Dollar Index (DXY) is poised for key inflation data releases on January 14 (PPI) and January 15 (CPI).
- Tariff rumors from Trump's team have halted the DXY's upward momentum, with support at 109.57 and resistance at 110.00.
- A breakthrough above 110.00 may propel the DXY towards 111.00.
- Currently, the DXY has pulled back from 110.00 as markets await inflation reports.
