The Dollar Index (DXY)
Key news events today
No major news events.
What can we expect from DXY today?
Amid a lack of first-tier data releases and currency-specific news flow, up to the FOMC meeting on 7 April, the development of the Russia-Ukraine front is likely to remain the key driver of directional biases for the US dollar.
Central Bank Notes:
Seven hikes for 2022, with the FFR seen reaching 2.75%-3.0% in 2023
Inflation forecasts for 2022 were raised to 4.1% (previous 2.7%)
GDP estimates were lowered to 2.8% from 4.0%
Next meeting on 4 May 2022
Next 24 Hours Bias
Weak Bullish
