DXY weekly chart

Chart of the US Dollar Index

– Dollar index remains above 105, at six-month high.
– Strong US economic data suggests a possible soft landing with higher interest rates.
– US retail sales in August rose by 0.6%, beating forecasts.
– Producer prices increased by 0.7%, exceeding market expectations.
– Expectations that the Fed may keep rates steady next week.
– Central bank’s policy move in November remains uncertain.
– Dollar strengthened against the euro after the European Central Bank’s rate hike.
– Dollar weakened against the yuan due to stronger-than-expected economic data from China in August.

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