The US dollar index rebounded from previous highs as investors believe inflation has peaked.

On Monday, the dollar rose against a basket of major currencies due to investors’ appetite for risk currencies decreased as inflation data is expected this week.

Despite fears of a slowing economy and high inflation in the United States, the economy added 390,000 jobs in May, and it’s better than expected.

The number of new jobless claims in the US continues to decline. Nonfarm payroll report is expected today.

The US dollar rose yesterday amid positive economic data and as the Fed launched its plan to reduce its balance sheet by nearly $9 trillion.

Inflation in the Eurozone hit another high. The Japanese yen is getting cheaper again.

The dollar index is strengthening due to the expected negative data from the US. Inflation in Europe is rising again.

The US is showing signs of slowing inflation, but investors are concerned about declines in other economic indicators, which are the signals of an incipient recession.

US GDP fell by 1.5% in the first quarter, worse than forecast. US initial jobless claims fell to 210,000 (-8,000 for the week).

The FOMC minutes confirmed that the Fed would raise rates by 50 basis points at its June and July meetings, but afterward, the Fed will likely pause a potential reassessment of the pace of tightening.

Today the main focus of investors is on the Federal Reserve Board meeting minutes (FOMC).

The euro continues to strengthen amid ECB plans to normalize policy. The dollar index is declining.

The dollar index fell about 1.3% last week, in the first week of declines, after a 6-week rise. Market participants are increasingly worried about the recession in the United States.

The ECB plans to switch to the normalization of monetary policy. Inflation in Japan has reached the central bank’s target level.

The dollar index remains strong on the back of a projected 0.5% interest rate hike at the June and July Fed meetings.

Federal Reserve Chairman Jerome Powell promised to keep raising rates until inflation cools down.

The dollar index is correcting. The euro, British pound, and Canadian dollar temporarily took the initiative.

Consumer sentiment in the US fell to its lowest level since 2011. Investors remain wary of more aggressive monetary policy actions by the US Federal Reserve.

The dollar index continues to rise steadily amid investors’ fears of the US Federal Reserve’s more aggressive tightening of monetary policy.

The US inflation rate declined from 8.5% to 8.3%, but the data turned out to be worse than analysts’ expectations of 8.1%. Fed officials have indicated that inflation is more resilient and more action may be needed.

The dollar index is trading near a 20-year high ahead of a key US inflation figure, which may indicate the Federal Reserve’s future monetary policy plans.

The dollar index hit a 20-year high again amid fears of an aggressive interest rate hike in the US at the next Fed meetings.

The US labor market is beginning to show signs of slowing. The unemployment rate in Canada is at a historic low.

Hedge fund strategists believe Jerome Powell was clearly “hawkish” on Wednesday, causing the US dollar to return to an uptrend yesterday.

The US Federal Reserve raised interest rates by 0.5% to 1% but reduced investors’ fears of more aggressive rate hikes at its next meetings. With investors pricing in a more aggressive tightening, the dollar index fell against major currencies.

The long-awaited Fed monetary policy meeting will take place today. The Fed is expected to raise interest rates by 50 bps (0.5%) for the first time in more than 20 years.

The dollar index is trading at a 20-year high. Investors’ focus remains on tomorrow’s Fed interest rate meeting, where policymakers are likely to raise rates by 0.5% for the first time in 20 years.

The US dollar increased sharply in April, rising by 4.6%, the largest monthly percentage gain since January 2015. This increase was due to the beginning of a cycle of aggressive rate hikes by the Fed to curb inflation.

The US manufacturing PMI data from ISM for December was weak (58.7 vs. 61.1 last month). Usually, an index above 50 reflects growth in the manufacturing sector and vice versa, so at the moment, analysts believe that the US manufacturing sector is stable, despite the declining numbers.

Traders and investors are betting on an early interest rate hike from the Fed, despite the rise in COVID-19 cases. Yesterday, the dollar index rose sharply, helped by a jump in Treasury bond yields.

Over the year, the dollar index increased by 6.45% (the best performance since 2015). This led to a decline in major currencies against the dollar. In 2021 the euro decreased by 7.01%, the Australian dollar lost 5.61%, the New Zealand dollar fell by 4.98%, the Swiss franc decreased by 2.99%, the British pound lost 1.06%, and only the Canadian dollar gained 0.99% on the year, thanks to the rise in oil prices.