US Dollar Technical Outlook: DXY Multi-Timeframe Analysis
The U.S. dollar index fell after a hot CPI report as Federal Reserve officials pushed back on bets for an October rate hike. Michael Boutros, StoneX Media Senior Market Analyst, walks through the U.S. dollar's reversal across the weekly, daily and four-hour charts. Federal Reserve officials Mary Daly, Michelle Bowman and John Williams signaled no urgency to tighten in October, and fed funds futures pared back hike expectations. The 10-year and 30-year Treasury yields turned lower from technical resistance, on track for their largest weekly drop since February.
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--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex