🚨 THE US DOLLAR IS APPROACHING A 19-MONTH HIGH.
The Dollar Index is heading for its third consecutive weekly gain as markets increasingly price in a December Fed rate hike.
🇺🇸 Strong US inflation is strengthening the dollar.
🇯🇵 Japanese yen is approaching 160, raising intervention fears.
🇨🇳 Chinese yuan remains near four-year lows.
🇮🇳 Indian rupee faces pressure, partly offset by falling oil prices.
WHY IT MATTERS: A stronger dollar and higher US interest rates could put additional pressure on Bitcoin, gold, emerging markets and global risk assets.
All eyes are now on US PPI and upcoming China and Japan economic data.
#USD #DXY #FederalReserve #Bitcoin #GlobalMarkets $BTC $CL $XAU
The Dollar Index is heading for its third consecutive weekly gain as markets increasingly price in a December Fed rate hike.
🇺🇸 Strong US inflation is strengthening the dollar.
🇯🇵 Japanese yen is approaching 160, raising intervention fears.
🇨🇳 Chinese yuan remains near four-year lows.
🇮🇳 Indian rupee faces pressure, partly offset by falling oil prices.
WHY IT MATTERS: A stronger dollar and higher US interest rates could put additional pressure on Bitcoin, gold, emerging markets and global risk assets.
All eyes are now on US PPI and upcoming China and Japan economic data.
#USD #DXY #FederalReserve #Bitcoin #GlobalMarkets $BTC $CL $XAU
