BREAKING: The dollar just hit a 19-month high. đ”
đ Level: The dollar index climbed to 103.02, its highest since April 2025. The yen is pinned near 160 per dollar, and the euro hit a 19-month low.
đ„ Trigger: October CPI rose 0.4%, above the 0.3% forecast, with core at 0.3% against 0.2% expected. Fed Governor Waller said a 50-basis-point December hike is on the table.
đ Odds: Markets now price a December hike as near-certain, with about an 88% chance of 25 basis points and 12% of 50. Goldman expects another hike in March.
đź Outlook: A strong dollar is a headwind for risk assets. Bitcoin is pinned near $73,600, and the next test is Friday's producer price data.
$BTC #TheoDÔiFOMC
đ Level: The dollar index climbed to 103.02, its highest since April 2025. The yen is pinned near 160 per dollar, and the euro hit a 19-month low.
đ„ Trigger: October CPI rose 0.4%, above the 0.3% forecast, with core at 0.3% against 0.2% expected. Fed Governor Waller said a 50-basis-point December hike is on the table.
đ Odds: Markets now price a December hike as near-certain, with about an 88% chance of 25 basis points and 12% of 50. Goldman expects another hike in March.
đź Outlook: A strong dollar is a headwind for risk assets. Bitcoin is pinned near $73,600, and the next test is Friday's producer price data.
$BTC #TheoDÔiFOMC
