US Dollar Forecast: Will Hot CPI Data Drive DXY Higher and Deepen Gold’s Decline?
👉 CPI data may rise above the Fed's 2% target, potentially boosting DXY while adding pressure on gold markets this week
👉 Falling Treasury yields signal dovish expectations, aiding DXY’s stability as gold prices struggle for upward momentum
⚠️ DXY faces critical resistance at 107.02, with a breakout targeting 108.071 if CPI data surprises to the upside
👉 Gold prices remain under pressure, with potential for further declines as the dollar reacts to key inflation data
@news_finance
👉 CPI data may rise above the Fed's 2% target, potentially boosting DXY while adding pressure on gold markets this week
👉 Falling Treasury yields signal dovish expectations, aiding DXY’s stability as gold prices struggle for upward momentum
⚠️ DXY faces critical resistance at 107.02, with a breakout targeting 108.071 if CPI data surprises to the upside
👉 Gold prices remain under pressure, with potential for further declines as the dollar reacts to key inflation data
@news_finance