Lates News

The US Dollar Index edged slightly higher during the Asian session on Thursday but failed to extend its gains further, though it remained above the 102.00 integer level. In addition, the US Dollar Index remains near the two-week high touched on Wednesday, with traders awaiting the release of key US macroeconomic data for new drivers of direction. The preliminary US third-quarter GDP and the personal consumption expenditures price index are due later today. With the market betting on a Fed rate hike in December, investors will closely watch these data for more clues on the Fed's future policy path. Therefore, if the data come in strong, it will further reinforce market expectations and push the US Dollar Index higher. Meanwhile, given that the Fed signaled a hawkish pause on Wednesday, even if these key data disappoint, the market's immediate reaction may be relatively limited. At the same time, regional mediators led by Qatar are working to push the US and Iran to restart negotiations to prevent another war. However, the geopolitical risk premium remains, which means that even if the US Dollar Index sees a technical pullback, it is more likely to attract dip-buying, and the decline may be relatively limited.